Here, AutoBlogGreen cut the pork and found what Obama’s stimulus bill means for our future in green transportation. Overall, this bill is very encouraging. However, it will take years before these measures can effect our economy (why many antsy senators opposed it). We should have done this 8 years ago:
- As the Environmental Law & Policy Center and CNN note, high-speed and inner-city rail made out like bandits. The first version of the stimulus bill, written in the House, set aside $300 million for these trains. This ballooned to $8 billion – along with $6.9 billion for public transportation and $1.3 billion for Amtrak – by the time it was done.
- Plug-in vehicles – as well as hybrids and fuel cell EVs – get a $2 billion investment for advanced battery technologies. The number of vehicles that are eligible for the plug-in electric drive vehicle credit jump up to 200,000 vehicles per manufacturer. The EDTA is happy with that, but is disappointed that the PHEV credit is capped at $7,500 and doesn’t apply to big vehicles (those that weigh over 14,000 lbs).
- An upgraded smart grid is helped out by $4.5 billion for development and deployment.
- Traditional cars don’t lose out, either. People who buy a new car in 2009 and who earn less than $125,000 individually or $250,000 jointly can deduct the sales tax.