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New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

Under current law, consumers may receive a tax credit of up to $7,500 if they purchase an eligible electric vehicle. The Driving America Forward Act raises the cap and allows purchasers of an additional 400,000 vehicles per manufacturer to be eligible for the tax credit. ITC Holdings Corp.,

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Waxman/Markey Bill Accelerates Infrastructure and Build-out for Plug-Ins, Calls for Harmonization of Motor Vehicle GHG Standards; 3% of Emissions Allowances for Cap-and-Trade Go to Auto Industry

Green Car Congress

2454 , The American Clean Energy and Security Act—which establishes a cap-and-trade program also contains a number of provisions for accelerating the deployment of a vehicle charging infrastructure and the manufacturing of plug-in electric drive vehicles. Advanced technology vehicles.

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