Government Tax Credit Extension for Electric Vehicles Promises Growth for Brammo Customers

Brammo Inc., based in Ashland, Ore., is delighted by the news from Washington, D.C., that the federal tax credit for electric motorcycles and other two- and three-wheeled vehicles has been extended through 2012 and 2013. With this extension, electric motorcycle enthusiasts will continue to receive personal tax incentives when purchasing the Enertia Plus, Empulse and Empulse R models.

The provision extends the federal tax credit for two- and three-wheeled electric plug-in vehicles for two years. This tax credit can cover up to 10 percent of the vehicle’s cost or a maximum of $2,500.

Brammo sends particular thanks to U.S. Rep. Greg Walden (R-Ore.) who offered the amendment, and Sen. Ron Wyden (D-Ore.) who strongly supported the tax credit despite the difficult environment in the House. Additional support was offered by U.S. Sen. Jeff Merkley (D-Ore.) not only for electric vehicles, but for sustainability and clean energy initiatives overall. This will continue to help drive Oregon as a leader of green and clean legislation.

“This bipartisan work and cooperation results in jobs and support for companies like Brammo,” said Craig Bramscher, CEO of Brammo. “We are excited for what this means for electric vehicles and the electric motorcycle industry, which will make these ‘vehicles of the future’ more accessible to all consumers.”

Race Winning Brands (RWB) and its portfolio of brands (BoostLine Products, CORSA Performance, Dart Machinery, Diamond Racing, Haltech, JE Pistons, Manley Performance, MGP, PAC Racing Springs, ProX Racing Parts, Rekluse, RevMax Performance, Transmission Specialties, Trend Performance, Volant and Wiseco Performance Products) is announcing its transition to a Unilateral Retail Pricing Policy, reflecting its commitment to maintaining the quality and reputation of its products in the performance components industry. The implementation of Minimum Retail Price (MRP) for its portfolio of brands is aimed at addressing challenges such as counterfeit product sales, advertising and selling practices that focus solely on price.