DOE Releases New Analysis Showing Significant Advances in Electric Vehicle
Feb 26, 2011 - Energy Department Documents and Publications/ContentWorks
The U.S. Department of Energy today released One Million Electric Vehicles
by 2015, an analysis of advances in electric vehicle deployment and progress
to date in meeting President Obama's goal of putting one million electric
vehicles on the road by 2015. The analysis shows that while the goal is ambitious,
it is also achievable based on steps already taken as part of the Recovery
Act and additional policy initiatives proposed by President Obama -- including
improvements to existing consumer tax credits, programs to help cities prepare
for the growing demand for electric vehicles, and strong support for research
and development to continue reducing the cost of electric vehicles.
"President Obama's goal of putting one million electric vehicles on
the road by 2015 represents a key component of our strategy to dramatically
reduce America's dependence on foreign oil and ensure that the U.S. leads the
world in the growing electric vehicle manufacturing industry," said DOE
Assistant Secretary for Policy and International Affairs David Sandalow. "This
is a race America can win -- if we answer the President's call to out-innovate,
out-build, and out-compete the rest of the world."
One Million Electric Vehicles by 2015 details DOE investments in electric
vehicle infrastructure, research and development, and demonstration projects
nationwide that are laying the groundwork for achieving the President's goal.
These projects include support for nearly 50 manufacturing facilities and demonstration
projects nationwide. These efforts are helping to reduce the costs of advanced
batteries and electric vehicles and gathering real-world data for consumers
and local communities that will inform future deployment efforts.
The Department's analysis of the current market outlook indicates that manufacturers
are planning to produce in the range of one million electric vehicles by 2015.
While industry-wide, manufacturing capacity is not likely to be the limiting
factor in reaching the President's goal, additional policy steps are needed
to further drive innovation, reduce costs, and spur consumer demand.
The Obama Administration is proposing a three-part strategy that supports
electric vehicle manufacturing and adoption through improvements to tax credits
in current law, investments in research and development (R&D), and a new
competitive program to encourage communities to invest in electric vehicle
infrastructure. This plan will drive demand and position the United States
as a global leader in manufacturing and deploying next-generation vehicle technologies.
The strategy includes:
* - Make electric vehicles more affordable with a rebate up to $7,500: The
President is proposing to transform the existing $7,500 tax credit for electric
vehicles into a rebate that will be available to consumers immediately at the
point of sale, instead of having to wait for tax returns to be filed.
* - Advance innovative technologies through new R&D investments: Building
on Recovery Act investments, the President's FY2012 budget proposal will include
enhanced R&D investments in electric drive, batteries, and energy storage
* - Reward communities that invest in electric vehicle infrastructure through
competitive grants: To provide an incentive for communities to invest in EV
infrastructure and remove regulatory barriers, the President is proposing a
new initiative that will provide grants to up to 30 communities that are prioritizing
advanced technology vehicle deployment.
Combined, these policies will help achieve the President's goal of one million
electric vehicles on the road by 2015 while creating new jobs and strengthening
U.S. leadership in the growing EV market.
One Million Electric Vehicles by 2015 is available HERE.
The U.S. Department of Energy's Vehicle Technologies Program funds research
and development for energy efficient and environmentally friendly vehicle technologies.
To learn more about the program, please visit vehicles.energy.gov.