/cloudfront-us-east-2.images.arcpublishing.com/reuters/2OY365QQN5M4LNMMIQ4AZPB7MM.jpg "U.S. Senate panel advances EV tax credit of up to $12,500")
U.S. Senate panel advances EV tax credit of up to $12,500
Computer science professor Christa Lopes' Scion IQ electric car is plugged in in her garage in Irvine, California January 26, 2015. Lopes said the Irvine Smart Grid Demonstration, a $79 million project funded half by federal stimulus money and half by Edison and partners like UC Irvine, cut her electric bill to zero in the summer. The $12 billion utility's research team Southern California Edison is testing everything from charging electronic vehicles via cell phone to devices that smooth out the power created by rooftop solar panels. Those are some of the roughly 60 projects in the works at Edison's Advanced Technology division. It has a small $19 million annual budget, but its influence far exceeds that. Picture taken January 26, 2015. To match feature EDISON-LABS/ REUTERS/Lucy Nicholson (UNITED STATES - Tags: ENERGY BUSINESS TRANSPORT)/File Photo
The U.S. Senate Finance Committee advanced legislation on Wednesday that would boost electric vehicle tax credits to as much as $12,500 for EVs that are assembled by union workers in the United States.
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