Plans to build a nationwide network of electric car recharging stations and promote the use of electric cars may be a step closer to reality thanks to a recently proposed bill.
The Electric Drive Vehicle Deployment Act of 2010, introduced by Rep. Edward J. Markey (D-Mass.) along with Reps. Judy Biggert (R-Ill.), Jerry McNerney (D-Calif.) and Anna Eshoo (D-Calif.), aims to encourage use of plug-in electric vehicles and reduce our dependence on foreign oil while promoting job creation, improving the U.S. economy and enhancing “our national and environmental security,” according to the House Committee on Independence and Global Warming.
Under the act, which would set aside $11 billion in funding, all Americans would be eligible to receive a $7,500 tax credit for the purchase of an electric vehicle. Installing charging equipment at individuals’ homes would entitle them to an additional $2,000 tax credit and businesses could get as much as $50,000 for installing multiple charging stations on their properties, according to the committee.
And across the country, $800 million will be awarded to five different communities to put 700,000 electric cars to use within six years.
The act will also pay for additional electric car and charging infrastructure research and development, provide incentives for companies manufacturing those technologies and pay for the network of charging stations to come together, the committee says. The lack of charging stations thus far has hindered electric car development and kept consumer interest low, some auto experts say.
General Motors’ (Stock Quote: GM) Chevrolet division is already introducing its own Volt, a plug-in electric car that uses gas only to extend how far it can travel between charges, and Nissan (Stock Quote: NSANY) is launching its Leaf electric car later this year.