A bipartisan push is under way in Congress to extend through this year certain tax credits that promote the adoption of alternatively powered vehicles.
President Trump has upped the ante by requesting Congress to craft a bipartisan bill that “generates” at least $1.5 trillion to invest in infrastructure.
Congressional negotiators will spare a $7,500 federal tax credit that has supported sales of plug-in electric vehicles, which was put in place in 2008 and 2009 for plug-in and converted plug-in electric vehicles.
The legislation now moves to the full House Energy and Commerce Committee, which is expected to vote on the measure next week.
While details on President Trump’s $1 trillion Infrastructure plan may still be weeks away, two senators, Mark R. Warner (D-Va.) and Roy Blunt (R-Mo.), have introduced a bipartisan infrastructure funding plan.
The Protecting Americans from Tax Hikes Act of 2015 will extend federal tax credits for alternative fuels that expired in 2014 and make some subsidies permanent.
The House-Senate conference committee charged with writing a compromise highway bill announced completion today of the FAST Act, a "fully funded five-year plan for surface transportation reauthorization.”
Congress has another two weeks to work on finishing up a highway bill, as President Obama Friday signed a bill extending federal transportation funding through Dec. 4. It was due to expire Friday night.
A bipartisan bill to extend the authorization for federal highway and transit programs through Dec. 4 was introduced in the House Nov. 16.
The highway bill passed by the House on Nov. 5 and the highway bill passed by the Senate in July are headed to a conference committee charged with working out any differences between the two measures.