SHOPSMART AUTOS – CUSTOMER INFORMATION – JULY 26, 2021 (PT.3)
Fuel Cells and EV Chargers, Too
Left unchanged in the new bill are the $8,000 federal tax credit for purchasers of fuel-cell electric vehicles, also called hydrogen fuel-cell vehicles, and the credit for home EV charging equipment, which remains at 30% of the cost of purchasing and installing a home charger, up to a maximum of $1,000. For commercial charging stations, the bill boosts the maximum credit to $200,000, up from $30,000. The fuel cell vehicle credit was due to expire at the end of this year. The Clean Energy measure would extend it under the same rules as the EV credit—until half of all new light vehicle sales in the U.S. are qualified plug-in or fuel cell vehicles, with a three-year phase-out after hitting that goal. Automakers continue to electrify their most popular models. The 2021 Jeep Wrangler 4xe combines a 2.0-liter four-cylinder engine with two electric motors and a 17.3-kilowatt hour battery. Jeep
Long Way to Go
A Senate vote on the Clean Energy measure is unlikely until late summer or even into the fall—after Senate Democrats decide whether to consolidate it into President Biden’s American Jobs plan and to try to bypass filibuster rules so it would need only 51 votes instead of 60. The measure also would have to be approved by the House, where Democrats have a thin majority and passage isn’t seen as much of an issue if it can get out of the Senate. There are 50 GOP Senators and 50 Democrats—with Vice President Kamala Harris, a Democrat, voting only to break a tie—so passage in the upper house is no sure thing. To date, only half of the Senate Democrats and no Republicans have signed on as co-sponsors of the measure. The principal sponsors are Senators Ron Wyden of Oregon and Debbie Stabinow of Michigan. Right now, supporters in Congress are marshalling forces and beginning the process of figuring out what changes are going to be needed to make it palatable enough to win Senate passage. The EV tax credits portion isn’t the most critical piece of the measure, but it is important and likely will face considerable scrutiny. Although there’s “excitement” in Congress about a measure that would help create jobs, improve infrastructure and boost electric vehicle acceptance, “there are still a lot of hurdles to clear,” said Jonna Hamilton, director of the Union of Concerned Scientists’ Clean Transportation Program. Right now, “every week has a different feel” regarding the measure’s chance of passage, she said.
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