The Ev Act : Lawmakers finally join the EV-Revolution...this time for real.

June 6, 2010 - PRLog -- Electric Vehicle EV
Clean Driving For CHANGE...1 penny 1 mile

"Republicans and Democrats agree that electrifying our cars and trucks is the single best way to reduce our dependence on oil," said Sen. Lamar Alexander, R-Tenn House and Senate members  released electric vehicle tax brake.......EvAct.org

The EvAct when passed will go in history as the bill that put Electric Vehicle (EV) finally in the hands of the masses. Many will access the info contained in it for Tax brakes, incentives and regulations for time to come. It will all be there at www.EvAct.org. (domain name available for transfer)

The bill will provide for the following measures:

◦awards of up to $800 million for communities around the country to deploy electric vehicles and related charging infrastructure
◦tax credits for up to $2,000 for consumer purchases of EV chargers and up to $50,000 for businesses for installing multiple chargers
◦increase of existing rebates to up to $10,000
◦the support of the battery research with a $1.5 billion grant

Here are the major differences between the 2 bills being unified:

•The House bill would cost about $11 billion over 5 years; the price tag on the Senate measure is about $10 billion.

•The House measure would establish at least five early deployment regions - communities would compete for the designation - and would provide funding of $800 million each to be used for EV purchase and fueling system deployment incentives.

•The Senate version would create five to 15 of the deployment regions but would fund each with only $250 million.

•The Senate would provide immediate rebates of up to $10,000 to purchasers of electric drive vehicles; the House would require deployment regions to provide rebates or other incentives of at least $2,000 per vehicle, but would apply that to 100,000 vehicles in each region.

•The House version provides for tax credits of up to $2,000 for consumer purchases of EV chargers and up to $50,000 for purchases of multiple chargers by businesses.

•The Senate version earmarks $1.5 billion for battery research aimed at lowering the cost of the advanced technology batteries demanded by electric drive vehicles.

•The Senate measure would expand federal tax credits for rechargeable battery electric-drive vehicles to include medium- and heavy-duty hybrids - a category that can cover big pickups and SUVS as well as commercial

“The Electric Vehicle Deployment Act is a significant step toward electrifying cars and trucks in the U.S. and reducing dependence on oil,” Richard Canny, Think CEO said in a release.

“As shown by the BP spill off the coast of Louisiana, dependence on oil carries massive economic and environmental costs that are unaccounted for until something catastrophic happens.”

“By accelerating the deployment of electric cars and charging infrastructure, the U.S. can take a major step away from oil dependence. Clean electric drive vehicle technology is available right now and is ready for commercial deployment in the U.S.”


EvPal
ifo@ElectricVehicleEV.com
http://www.EvAct.org

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Electrification of transportation and alternative energy are the world's top priorities.Electric Vehicles,Ev conversion and Alternative energy sources explained in my book "The EV Alternative" 200 color pages Visit : www.Evalternative.com Dr Y. Ev