$12.5 Billion for Plug-in Cars in the Stimulus Bill
February 21, 2009 by admin
When the big stimulus bill was passed this week, the number that rose to the forefront was a $2 billion investment for plug in vehicles. But, if you add in all the additional plug-in help for things like infrastructure, the actual plug-in stimulus package is closer to $12.5 billion, according to Plug In America’s legislative director Jay Friedland.
We’ve taken a look at some of these monies before, but Friedland made a nice list of exactly how much money is available for what. For example, the $6 billion in loans that was approved in EISA (Energy Independence and Security Act of 2007) for the Advanced Technology Vehicles Manufacturer Grant Program was finally funded in the stimulus bill.
Other funds, like $1.7 billion for “advanced energy investments,” don’t necessarily need to go to plug-in vehicles, but could be used that way.
You can see Friedland’s full breakdown of the $12.5 billion after the jump. When taken together, it sure makes the stimulus bill look much more PHEV-friendly than before.
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