Wednesday, June 23, 2010

White House Backs Legislation for Electric Car Promotion Financing;



The White House has recently announced the backing of legislation that would be involved in funding the promotion of electric vehicles such as the Ford Escape Hybrid and electric vehicle technology. The move is thought to be partially motivated by the recent British Petroleum oil leak in the Gulf of Mexico that is turning out to be a serious environmental and economic disaster for the Gulf and bordering states. Electric vehicles can be serviced at a Bradenton auto body service.

The bill is called the Electric Vehicle Deployment Act of 2010. The bill, which was proposed by the Senate, suggest that up to $10 billion should be allotted for the promotion of the usage of electric vehicles in the United States. The bill would set up between 5 and 15 "deployment communities" that would be involved in local promotion of electric vehicle usage. The House also created a similar bill.

The communities would receive grants up to $250 million for recharging stations, and other related electric vehicle supporting infrastructure. Washington has also given $2.4 billion in funds to various companies for electric battery research and development.

At the moment, up to $7,500 is available to consumers who purchase electric vehicles as a tax credit, which is a strong incentive for an electric vehicle purchase. But the bill lacks any additional types of consumer purchasing incentives and it does not fund battery research and development.

Automakers in the United States and abroad have spent billions of dollars on alternative fuel research and fuel efficiency research that was in part motivated by gasoline price increases of 2007. The United States government has made it clear that there is a strong desire to reduce dependency on foreign oil and also improve domestic car fuel efficiency which would result in less carbon emissions.

The Alliance of Automobile Manufacturers opposed the bill due to a lack of funding for diesel hybrids, fuel cells, or hydrogen powered vehicles, which are other areas of alternative fuel research.

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