Bipartisan Electric Vehicle Bill Would Aid Buyers, Infrastructure

U.S. Rep. Edward J. Markey (D-Mass.) along with Reps. Judy Biggert (R-Ill.), Jerry McNerney (D-Calif.), and Anna Eshoo (D-Calif.), on May 25 announced the introduction of the Electric Drive Vehicle Deployment Act of 2010.

“The Electric Drive Vehicle Deployment Act will lead to a surge in job creation, help consumers, recharge our economy and greatly enhance our national and environmental security,” said Markey. “We import most of the oil we use, much of it from countries that seek to do us harm. The catastrophe in the Gulf of Mexico is yet another reminder that it’s time for America to start driving toward a clean energy future, and electric vehicles can help power the way.

Biggert, a senior member of the House Science and Technology Committee, said: “The …act will accelerate the deployment of electric vehicles and put new energy technologies within reach of more consumers and motorists. It also will help regional communities establish themselves as models for the development and installation of the next generation of transportation infrastructure, including public charging stations.”

Highlights of the bill include:

  • The Secretary of Energy will competitively award $800 million to five different deployment communities around the country, with the objective of deploying 700,000 electric vehicles in those communities within six years.
  • At least $2,000 in additional consumer incentives for the first 100,000 consumers purchasing electric vehicles in these communities would be provided.
  • All Americans would continue to be eligible for the electric vehicle tax credit, which reduces the prices of an electric vehicle by up to $7,500, and additionally, tax credits of the costs of purchase and installation of electric vehicle charging equipment for individuals (up to $2000) or businesses (up to $50,000 for multiple equipment purchases) would be extended.
  • Additional research, development, deployment and manufacturing incentives are provided for technologies that enable the widespread deployment of electric vehicles and charging infrastructure.

comments powered by Disqus