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The Legislation:
The Energy Independence and Security Act raises auto fuel economy standards; establishes a national standard for generating electricity from renewable energy sources; sets new standards for energy-efficient appliances and federal buildings; requires increased use of biofuels, including ethanol made from sources other than corn; and provides tax incentives to promote energy efficiency and the use of renewable fuels, paid for by repealing previous tax breaks for oil companies. The bill also includes provisions to train workers for “green” jobs such as retrofitting buildings to make them more energy efficient and provides assistance to small businesses to conserve energy. Under the new fuel economy standards, the overall industry average fuel use for cars, trucks, and SUVs would rise to 35 miles a gallon by 2020, a 40 percent increase over the current average fuel economy. In addition, the bill requires that 36 billion gallons of biofuel be generated by 2022 for use as motor fuel: to qualify, the fuel would have to create significantly less global warming pollution than gasoline. The new renewable electricity standard would require electric utilities across the country to generate at least 15 percent of their power from renewable sources such as wind and solar by 2020. Finally, the tax provisions expand and extend subsidies to renewable energy industries, while also expanding tax credits for Americans who buy hybrid cars or make energy efficient improvements to their homes.
The Legislation:
The Energy Independence and Security Act raises auto fuel economy standards; establishes a national standard for generating electricity from renewable energy sources; sets new standards for energy-efficient appliances and federal buildings; requires increased use of biofuels, including ethanol made from sources other than corn; and provides tax incentives to promote energy efficiency and the use of renewable fuels, paid for by repealing previous tax breaks for oil companies. The bill also includes provisions to train workers for “green” jobs such as retrofitting buildings to make them more energy efficient and provides assistance to small businesses to conserve energy. Under the new fuel economy standards, the overall industry average fuel use for cars, trucks, and SUVs would rise to 35 miles a gallon by 2020, a 40 percent increase over the current average fuel economy. In addition, the bill requires that 36 billion gallons of biofuel be generated by 2022 for use as motor fuel: to qualify, the fuel would have to create significantly less global warming pollution than gasoline. The new renewable electricity standard would require electric utilities across the country to generate at least 15 percent of their power from renewable sources such as wind and solar by 2020. Finally, the tax provisions expand and extend subsidies to renewable energy industries, while also expanding tax credits for Americans who buy hybrid cars or make energy efficient improvements to their homes.
I feel your pain.If the auto makers really wanted to they could have met all these standards years ago.
I have to say, if they government would give me money to buy a Prius I would gladly do it, it would make a great daily driver and I could spend the money I save on fuel driving and/or modding the Formula.
