It's a big day, possibly, for the EV world.
A bipartisan group of legislators plans to introduce matching bills in the House and Senate that would create various incentive programs to help spur deployment of electric cars and trucks and development of the charging infrastructure necessary to keep them rolling.
The House sponsors, led by Massachusetts Democrat Edward Markey and Illinois Republican Judy Biggart, are slated to introduce their version of the Electric Drive Vehicle Deployment Act of 2010 at 9:30 am Eastern time.
The Senate version of the bill - cosponsored by a bipartisan group led by Democrats Byron Dorgan of North Dakota and Jeff Merkley of Oregon and Republican Lamar Alexander of Tennessee, is scheduled to be introduced at 2:15 pm.
If the measures pass relatively unchanged, they would set up a competitive program run by the federal Energy Department to award up to $1 billion each to a select group of EV-friendly regions that apply for the funds and promise to use them to subsidize consumer purchases of electric cars - to the tune of $2,000 each for up to 100,000 vehicles in each region - and to foster installation of community networks of home and commercial EV chargers.
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Tags: Legislation, Plug-ins and Electric, Tax Incentives, Electric Drive Vehicle Deployment Act 2010, EV Chargers, EV Incentives, EVs
Bipartisan Electric Drive Vehicle Deployment Act to be Introduced Today was originally published by Green Car Advisor. Read the full story by clicking here.