H.R. 5705 · 111th Congress
Electric Vehicle Advancement Act of 2010
- Stage
- In committee
- Sponsor
- Tim Ryan
- Introduced
- 2010-07-01
- Latest action
- 2010-07-01 · Introduced in House
Summary
Electric Vehicle Advancement Act of 2010 - Amends the Internal Revenue Code, with respect to the tax credit for plug-in electric vehicles, to allow an increased tax credit for the purchase of qualified electric vehicles which are a 2- or 3-wheeled vehicles.
Defines "2- or 3-wheeled vehicle" to include a vehicle: (1) with motive power having a seat, seats, or saddle for the use of the rider or riders and designed to travel on not more than 3 wheels in contact with the ground; (2) that has an electric motor that produces in excess of 5-brake horsepower; (3) that draws propulsion from 1 or more traction batteries; and (4) that has been certified to the Department of Transportation.
Limits the number of such vehicles eligible for the credit based upon a phaseout period effective after the first 100,000 of such vehicles are manufactured.