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Friday, May 28, 2010

Electric Vehicle Charging May Receive $11 Billion

Congress will be examining two bills today that would see up to $11 billion in new funding put towards the goal of seeing four million electric vehicles on the road by 2017.

This new cash injection would be earmarked for electric vehicle purchase subsidizing as well as investing in electric vehicle recharging stations.

With one of the main stumbling blocks to the whole hearted adoption of electric vehicles in the U.S. being range anxiety, increased funding for EV charging stations could go a long way to hitting the 2017 target.

The bills in the House of Representatives and Senate have sponsors on both sides of the partisan fence and have a good shot of passing especially with massive oil spill in the Gulf of Mexico looming in the minds of voters.

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