On their third try the US Senate finally passed the new energy bill this evening. After stripping out all the tax provisions the bill easily passed 86-8 in the Senate. Following the vote the White House announced that President Bush would sign the revised bill once the House of Representatives passes it. A House vote is expected early next week. Along with the tax provisions the renewable energy requirements for electric utilities were also removed from the bill earlier
. The stripping of the tax provisions means that there will be no new incentives for plug-in hybrid
vehicles. Those incentives would have been paid for by the other increases. New fuel economy
standards will take effect in 2011, eventually rising to a 35 mpg fleet average by 2020.
[Source: Detroit Free Press]