42 USC 13258 - Credits

U.S Code last checked for updates: Nov 22, 2024

§ 13258.

Credits

(a)

Definitions

In this section:

(1)

Fuel cell electric vehicle

(2)

Hybrid electric vehicle

(3)

Medium- or heavy-duty electric vehicle

(4)

Neighborhood electric vehicle

The term “neighborhood electric vehicle” means a 4-wheeled on-road or nonroad vehicle that—

(A)

has a top attainable speed in 1 mile of more than 20 mph and not more than 25 mph on a paved level surface; and

(B)

is propelled by an electric motor and on-board, rechargeable energy storage system that is rechargeable using an off-board source of electricity.

(5)

Plug-in electric drive vehicle

The term “plug-in electric drive vehicle” means a vehicle that—

(A)

draws motive power from a battery with a capacity of at least 4 kilowatt-hours;

(B)

can be recharged from an external source of electricity for motive power; and

(C)

is a light-, medium-, or heavy duty motor vehicle or nonroad vehicle (as those terms are defined in section 7550 of this title).

(b)

In general

(1)

Allocation

(2)

Electric vehicles

Not later than January 31, 2009, the Secretary shall—

(A)

allocate credit in an amount to be determined by the Secretary for—

(i)

acquisition of—

(I)

a hybrid electric vehicle;

(II)

a plug-in electric drive vehicle;

(III)

a fuel cell electric vehicle;

(IV)

a neighborhood electric vehicle; or

(V)

a medium- or heavy-duty electric vehicle; and

(ii)

investment in qualified alternative fuel infrastructure or nonroad equipment, as determined by the Secretary; and

(B)

allocate more than 1, but not to exceed 5, credits for investment in an emerging technology relating to any vehicle described in subparagraph (A) to encourage—

(i)

a reduction in petroleum demand;

(ii)

technological advancement; and

(iii)

a reduction in vehicle emissions.

(c)

Allocation

(d)

Use of credits

(e)

Transferability

(f)

Authorization of appropriations

(Pub. L. 102–486, title V, § 508, Oct. 24, 1992, 106 Stat. 2897; Pub. L. 110–140, title I, § 133, Dec. 19, 2007, 121 Stat. 1511.)

cite as: 42 USC 13258