Washington, D.C. – U.S legislators have proposed bi-partisan bills that would provide up to US$11 billion in funding to support the quick deployment of electric vehicles (EVs). The funding would include consumer incentives and tax credits and has an ultimate goal of half of all cars and trucks in the U.S. to be electric by 2030.
The bill, known as the Electric Vehicle Deployment Act of 2010, would create “deployment communities” across the U.S. with targeted incentive programs for EVs and charging infrastructure systems. The communities would help determine processes for deploying EVs and infrastructure across the country.
“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 Edward Markey, Democratic representative for Massachusetts. “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.”
Under the bill, the Secretary of Energy would competitively award $800 million to five different deployment communities around the country, with the objective of deploying 700,000 EVs in those communities within six years. At least $2,000 in additional consumer incentives for the first 100,000 consumers purchasing EVs in those communities would be provided.
As well, all Americans would continue to be eligible for the electric vehicle tax credit, which reduces the price of an EV by up to $7,500, along with credits toward the purchase and installation of EV charging equipment of up to $2,000 for individuals, and up to $5,000 for businesses making multiple equipment purchases. Additional research, development, deployment and manufacturing incentives are provided for technologies that enable the widespread deployment of EVs and charging infrastructure.