Auto industry responses to the bailout bill; what do you think?
Friday, October 3rd, 2008Filed under: EV/Plug-in, Hybrid, Legislation and Policy, Green Daily, USA
When the U.S. Congress passed H.R. 1424 and President Bush signed it into law today, not everyone was paying attention to the part about plug-in vehicles. Sure, this got a little play - and green car sites like ours were on it - but what’s a few $7,500 tax credits in a $700 billion bill? Still, there are a lot of parts to the bill (read one take here) to digest and we’re happy to explore the green car-related details a bit.
If you want to read the language in the bill yourself, you can find the full text here (do a text search for “plug” to find the applicable PHEV part of the law, Section 205). As meme noted earlier today, the language now refers to “plug-in electric drive motor vehicle” instead of the “passenger automobiles,” which might help companies like Aptera. We know that Chrysler yesterday gave its support for the legislation and today the Electric Drive Transportation Association (EDTA) gave strong vocal support to the bill’s passage. You can read both of the official statements after the jump.
When you read the bill, don’t miss Section 306 (regarding smart meters) and Section 103 (extension of solar and fuel cell tax credits). I’m quite interested in how the AutoblogGreen community feels about this bill.
[Source: EDTA, Chrysler, Govtrack]
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