On May 27, 2010, new EV legislation was introduced in both the House and Senate. The House and Senate bills are sponsored by Representatives Markey, Biggert, McNerney and Eshoo and Senators Dorgan, Alexander and Merkley, respectively . Key components of the legislation include the following:
- The Secretary of Energy will competitively award $800 million to 5 different deployment communities around the country, with the objective of deploying 700,000 electric vehicles in those communities within six years.
- At least $2,000 in additional consumer incentives for the first 100,000 consumers purchasing electric vehicles in these communities would be provided.
- All Americans would continue to be eligible for the electric vehicle tax credit, which reduces the prices of an electric vehicle by up to $7500, and additionally, tax credits of the costs of purchase and installation of electric vehicle charging equipment for individuals (up to $2000) or businesses (up to $50,000 for multiple equipment purchases) would be extended.
- Additional research, development, deployment and manufacturing incentives are provided for technologies that enable the widespread deployment of electric vehicles and charging infrastructure.
