ZEVs Act of 2024
3/21/2024, 3:08 PMSummary of Bill S 3845
Bill 118 s 3845, also known as the ZEVs Act of 2024, is a piece of legislation currently being considered by the US Congress. The bill aims to promote the use of zero-emission vehicles (ZEVs) in order to reduce greenhouse gas emissions and combat climate change.The ZEVs Act of 2024 includes several key provisions. Firstly, it calls for the establishment of a national ZEV standard, which would require a certain percentage of new vehicles sold in the United States to be zero-emission. This standard would be phased in over time, with the goal of increasing the adoption of ZEVs and reducing the country's reliance on traditional gasoline-powered vehicles.
Additionally, the bill includes provisions to incentivize the production and purchase of ZEVs. This includes tax credits for consumers who buy ZEVs, as well as grants and other financial incentives for manufacturers to produce more ZEVs. The bill also calls for the expansion of charging infrastructure for electric vehicles, in order to make it easier for consumers to charge their vehicles and reduce range anxiety. Overall, the ZEVs Act of 2024 is aimed at accelerating the transition to a cleaner, more sustainable transportation system. By promoting the use of zero-emission vehicles, the bill seeks to reduce air pollution, combat climate change, and create a more environmentally friendly transportation sector.
Congressional Summary of S 3845
Zero-Emission Vehicles Act of 2024 or the ZEVs Act of 2024
This bill requires the Environmental Protection Agency (EPA) to establish a zero-emission passenger vehicle standard. Specifically, the bill sets a schedule for increasing the percentage of zero-emission vehicles a vehicle manufacturer delivers for sale, culminating in a requirement to sell only zero-emission vehicles from 2035 on. The bill also requires the EPA to establish a zero-emission vehicle credit program that approves one zero-emission vehicle credit for each zero-emission vehicle delivered for sale in the United States and partial credits for qualified electric vehicles based on the estimated proportion of the mileage driven on the battery.
Manufacturers that fail to meet the minimum required percentage of zero-emission vehicle sales must submit to the EPA a quantity of zero-emission vehicle credits sufficient to offset the excess.
Credits may also be sold, transferred, exchanged, or retired in certain circumstances.
The bill imposes civil penalties for the failure to comply with zero-emission vehicle credit standards, with collected penalties being deposited into the Highway Trust Fund. After 2035, the EPA must issue injunctions on the manufacture of passenger vehicles other than zero-emission vehicles.
