$2 billion? Nah, more like $12.5 billion for plug-in cars in the stimulus bill
When the big stimulus bill was passed this week , the number that rose to the forefront was a $2 billion investment for plug in vehicles. But, if you add in all the additional plug-in help for things like infrastructure, the actual plug-in stimulus package is closer to $12.5 billion, according to Plug In America’s legislative director Jay Friedland. We’ve taken a look at some of these monies before, but Friedland made a nice list of exactly how much money is available for what. For example, the $6 billion in loans that was approved in EISA (Energy Independence and Security Act of 2007) for the Advanced Technology Vehicles Manufacturer Grant Program was finally funded in the stimulus bill. Other funds, like $1.7 billion for “advanced energy investments,” don’t necessarily need to go to plug-in vehicles, but could be used that way. You can see Friedland’s full breakdown of the $12.5 billion after the jump. When taken together, it sure makes the stimulus bill look much more PHEV-friendly than before. Thanks to Friedland and Plug In America for sending this over. [Source: Plug In America] Continue reading $2 billion? Nah, more like $12.5 billion for plug-in cars in the stimulus bill Auto Blog: EV/Plug-in , Legislation and Policy , USA $2 billion? Nah, more like $12.5 billion for plug-in cars in the stimulus bill originally appeared on AutoblogGreen on Sat, 21 Feb 2009 19:56:00 EST. Please see our terms for use of feeds .Car Blog Green | Car Blog Green | Car Blog Green
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$2 billion? Nah, more like $12.5 billion for plug-in cars in the stimulus bill
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Leave a commentStimulus bill pumps up plug-ins, public transit, trains, smart grid
Click above and scroll down to watch the video I heard a phrase on the radio yesterday that described the unappetizing way the stimulus bill was crafted in Congress this past week: emergency sausage. However it was crafted, the deed is now done. The overall impact of the bill is being covered by everyone everywhere, so we’ll focus on the green transportation items that were included in the final bill, which is on its way to the President’s desk. The big winners were trains and plug-in cars. As the Environmental Law & Policy Center and CNN note, high-speed and inner-city rail made out like bandits. The first version of the stimulus bill, written in the House, set aside $300 million for these trains. This ballooned to $8 billion – along with $6.9 billion for public transportation and $1.3 billion for Amtrak – by the time it was done. Plug-in vehicles – as well as hybrids and fuel cell EVs – get a $2 billion investment for advanced battery technologies. The number of vehicles that are eligible for the plug-in electric drive vehicle credit jump up to 200,000 vehicles per manufacturer. The EDTA is happy with that, but is disappointed that the PHEV credit is capped at $7,500 and doesn’t apply to big vehicles (those that weigh over 14,000 lbs). An upgraded smart grid is helped out by $4.5 billion for development and deployment. Traditional cars don’t lose out, either. People who buy a new car in 2009 and who earn less than $125,000 individually or $250,000 jointly can deduct the sales tax. What does it all mean? Well, that’s something which won’t be clear for a while. CalCars , though, is optimistic: “Taken in combination with other external factors, this could be the beginning of the breakthrough we’ve been hoping for,” they write. You can watch a video of the President discussing the stimulus package after the jump. Thanks to Peter G. for sending some of this in. [Source: CNN , EDTA , Environmental Law & Policy Center , CalCars ] Continue reading Stimulus bill pumps up plug-ins, public transit, trains, smart grid Auto Blog: EV/Plug-in , Hybrid , Legislation and Policy , Green Daily , USA Stimulus bill pumps up plug-ins, public transit, trains, smart grid originally appeared on AutoblogGreen on Sat, 14 Feb 2009 11:09:00 EST. Please see our terms for use of feeds . Car Blog Green | Car Blog Green | Car Blog Green | Car Blog Green
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Stimulus bill pumps up plug-ins, public transit, trains, smart grid
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