Posts Tagged ‘Electric Drive Vehicle Deployment Act’

New House Bill Would Add Incentives for Battery Cars

Measure would increase tax credits to $9,500.

by on May.04, 2011

A new measure proposed by Congress would increase consumer and community subsidies to promote sales of battery cars like this Ford Focus Electric.

A new measure up for debate in the U.S. House of Representatives could add significant incentive to get more motorists driving electric.

The proposal would increase the current, $7,500 federal tax credit for buyers of qualifying electric vehicles to $9,500.  And it would provide up to $300 million in funding to 10 cities to help them promote the sale and se of battery cars.

Similar to an outline floated by the White House, the measure could gain traction at a time when gasoline costs are once again approaching all-time records.  But the bill comes at a time when the House is now dominated by the GOP, a party that has dismissed the threat of global warming and put its focus on deficit cutting over seemingly all else.

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The so-called Electric Drive Vehicle Deployment Act, which counts Massachusetts’ powerful Cong. Ed Markey among its backers, would provide a mix of consumer and community incentives while also promoting the update of utility infrastructure to ensure energy providers can deliver the power needed for a national fleet of battery-electric vehicles and plug-in hybrids.