Thu 25 Jan 2007
The Inkling for a Greener Future in the DRIVE Act
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Senators Bayh and Lugar introduces Bill aimed at reducing the nation’s oil dependence; the Bill could help speed fuel efficient vehicles too!
Too much dependence on West Asian oils has made the USA the butt of criticism by various bocks in the recent years.
The USA has chosen to rebound in a constructive way!!
The U.S. Senators duo Evan Bayh and Richard Lugar have introduced a new Bill that aims to reduce the nation’s oil dependence by reducing oil imports by 7 million barrels a day over the next 20 years.
All these years USA has been condemned by the international community for having done so little for reducing vehicular pollution despite being the richest country in the world. But this new Bill introduced by the U.S. Senators. Evan Bayh and Richard Lugar sparks off great optimism: the Act not only hopes to end the slavery to the foreign oil imports, it is also expected to boost up the combined programs of conservation, fuel diversification and technological advances.
The ‘Dependence Reduction through Innovation in Vehicles and Energy Act’ (the DRIVE Act), may at first glance appear as a political move from the geo-political perspective; but the Act is ultimately aimed at a brighter and greener future.
So what the DRIVE promise to do for the citizens?
First, the Act aims to increase the availability of renewable fuels such as ethanol to the consumers.
Secondly, the auto manufacturers will be asked to set their production target in a way so that 50% of their production comprise flexible fuel vehicles (FFV), alternative fueled vehicles, hybrids, plug-in hybrids and fuel cell vehicles in 2012. After 2016 at least 10 percent of the 50 percent requirement must be met by hybrids, advanced diesels, plug-in hybrids and other non-FFV vehicles.
However tax credits will be awarded to the auto-manufacturers in their efforts to upgrade their factories for producing hybrid electric, plug-in electric and flex-fuel vehicles.
Thirdly, it is also going to lift the per manufacturer cap on consumer tax credits, so that a greater number of consumers receive tax incentives for buying hybrid vehicles.
Lastly, it requires the States as well as the Federal governments to set an example by reducing oil use by 30% by turning the 23% of their entire fleet into advanced diesels, hybrids or plug-in hybrids by 2016.
According to Bayh’s prediction, the Act may cause a cut in oil consumption as big as 2.5 million barrels a day over the next 10 years. Over 20 years, the reduction will be equivalent of 7 million barrels a day. Thus the Senator sees in the Act a solution to the security threats emanating from the volatile region of West Asia.
The common consumers have a simpler reason to rejoice; the act clearly backs up the production and consumption of hybrid vehicles. That means your upfront cost for having a hybrid vehicle is going to be lot cheaper in the coming days.
