EDTA Applauds House Support for Electric Drive Vehicles; Urges Senate to Expand Investments and Tax Credits to Grow Industry
Comprehensive Strategy Key to Creating Green Jobs and Reducing Oil Consumption and Greenhouse Gas Emissions
"The stimulus bill is a historic opportunity to accelerate the electrification of America's transportation sector, create green jobs and reduce our oil consumption and greenhouse gas emissions," said EDTA President
EDTA urges the Senate to provide additional investment for electric drive vehicle manufacturing in the U.S., expansion of the consumer credit ceiling for the purchase of plug-in electric drive vehicles and greater investment in accelerating electric drive technology.
EDTA's Electric Drive Road Map for Energy Security outlines the key elements of a comprehensive strategy to accelerate the growth of hybrid, plug-in, battery and fuel cell vehicles in the U.S. Wynne cited Road Map recommendations included in the House-passed American Reinvestment and Recovery Plan:
- Support for U.S. Battery Manufacturing -- Providing
$2 billionto support investments in U.S. manufacturing of advanced batteries used in electric drive vehicles;
- Enhanced Tax Incentives for Recharging -- Increasing the refueling property credit to 50 percent of cost up to
$50,000, and increasing the value of hydrogen infrastructure credits to $200,000for fueling stations;
- Expansion of Electric Drive Vehicle Deployments -- Allocating
$400 millionto the U.S. Department of Energy's Clean Cities program for regional efforts to deploy plug-in vehicles, $200 millionto support deployment of vehicles beyond light-duty to include transit, ground support and ports, as well as the deployment of electric drive infrastructure. Another $600 millionis provided to speed up the federal government's effort to replace older vehicles with more fuel-efficient vehicles, such as hybrid, plug-in and battery vehicles.
"A comprehensive plan is the best and fastest route for America to electrify the transportation sector," added Wynne.
According to the Pacific Northwest National Laboratory, if 73 percent of the nation's passenger vehicles were fueled by electricity, the U.S. could displace an estimated 6.2 million barrels of oil a day, about 52 percent of current oil imports. Last year, the U.S. spent nearly
Last year, Americans purchased more than 300,000 fuel-efficient hybrid vehicles, bringing the total number of hybrids on the road to more than 1.3 million. By 2010-2011, auto manufacturers such as GM, Ford, Honda, Toyota, Chrysler, Mitsubishi, Nissan, Tesla and others will offer consumer, commercial and government customers a wide range of electric drive vehicles.
To view the complete Electric Drive Road Map for Energy Security, visit www.electricdrive.org.
About EDTA: The Electric Drive Transportation Association (EDTA) is the trade association representing battery, plug-in, hybrid and fuel cell electric drive technologies and infrastructure. EDTA conducts public policy advocacy, education, industry networking and international conferences. EDTA's membership includes automotive and other equipment manufacturers, energy companies, technology developers, component suppliers and government agencies. For more information about EDTA and its members, visit www.electricdrive.org.
SOURCE Electric Drive Transportation Association