Beyer introduces ambitious electric vehicle legislation
Published Wednesday, Nov. 20, 2019, 12:05 am
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Rep. Don Beyer (D-VA) introduced the Green Vehicle Adoption Nationwide (VAN) Act, which would provide tax credits for the purchase of zero-emission heavy vehicles.
The text of the bill was also included in Rep. Mike Thompson’s Growing Renewable Energy and Efficiency Now (GREEN) Act, a comprehensive renewable energy tax credit package crafted by the House Ways and Means Committee.
“The Green VAN Act would make a big dent in American emissions and help restore our leadership on the climate crisis,” said Rep. Beyer. “Vehicle emissions make up a large portion of our carbon pollution, and commercial vehicles account for much of those emissions. By using tax policy to promote the adoption of zero-emission vehicles, we can greatly reduce those emissions. This approach would also spur innovation and development in the marketplace by increasing the demand for larger electric vehicles, a key step forward towards a greener economy.”
The Green VAN Act would offer tax credits of 10% for vehicles that weigh 14,000 pounds or more, with a cap at $100,000 per vehicle. It is expected to be considered by the Ways and Means Committee as part of the GREEN Act, of which a discussion draft is available here.
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