(ROSSLYN, Va.)—The National Electrical Manufacturers Association (NEMA), on behalf of its Electric Vehicle Supply Equipment/Systems (EVSES) product section, today lent its support to HR 1685, the Electric Drive Vehicle Deployment Act of 2011. Introduced by Representatives Judy Biggert (R-IL), Edward J. Markey (D-MA), Jerry McNerney (D-CA), and Anna Eshoo (D-CA), HR 1685 implements various incentives and programs to foster adoption of electric vehicles (EV) and EV infrastructure.
“Electric vehicle supply equipment is a central component of the Smart Grid and the investments made through this legislation will pay dividends—job creation, enhanced energy security, and a cleaner environment,” said NEMA President and CEO Evan R. Gaddis.
HR 1685 extends through 2014 the tax credit for the residential and commercial purchase and installation of electric vehicle charging infrastructure. The credit is currently set to expire at the end of this year. The bill expands the tax credit from 30 percent with a cap of $30,000 for businesses and $1,000 for individuals to Recovery Act levels of a 50 percent credit with a cap of $50,000 for businesses and $2,000 for individuals.
"The deployment of charging infrastructure is crucial to the mass adoption of electric vehicles," said Michael Mahan, GE Industrial Solutions Product General Manager for EV Infrastructure and Chairman of NEMA’s EVSES section.“This legislation makes it more affordable for consumers, businesses, and cities to adopt this exciting new technology and to realize all the benefits it enables."
In addition to the tax provision, this bill establishes: