S. 1791 · 117th Congress
FAST Electricity Act
- Stage
- In committee
- Sponsor
- Maria Cantwell
- Introduced
- 2021-05-24
- Latest action
- 2021-05-24 · Introduced in Senate
Summary
Fueling America's Security and Transportation with Electricity Act of 2021 or the FAST Electricity Act
This bill expands the tax credit for plug-in electric drive motor vehicles to include a 30% credit for additional electric transportation options capable of moving passengers, cargo, or property and powered by an integrated, on-board electric propulsion system. It also allows a credit for recharging and hydrogen refueling property and provides loan guarantees for transportation electrification domestic manufacturing facilities.