- “(9) MOTOR VEHICLE SALES TAX DEDUCTION.—For purposes of paragraph (1), the term ‘motor vehicle sales tax deduction’ means the amount allowable as a deduction under section 164(a)(6). Such term shall not include any amount taken into account under section 62(a).”.
- (d) TREATMENT OF DEDUCTION UNDER ALTERNATIVE MINIMUM TAX.—The last sentence of section 56(b)(1)(E) is amended by striking “section 63(c)(1)(D)” and inserting “subparagraphs (D) and (E) of section 63(c)(1)”.
(e) EFFECTIVE DATE.—The amendments made to this section shall apply to purchases on or after the date of the enactment of this Act in taxable years ending after such date.
H.R. 1-212 Subtitle B—Energy Incentives
PART V—PLUG-IN ELECTRIC DRIVE MOTOR VEHICLES
SEC. 1141. CREDIT FOR NEW QUALIFIED PLUG-IN ELECTRIC DRIVE
MOTOR VEHICLES.
(a) IN GENERAL.—Section 30D is amended to read as follows:
‘‘SEC. 30D. NEW QUALIFIED PLUG-IN ELECTRIC DRIVE MOTOR
VEHICLES.
‘‘(a) ALLOWANCE OF CREDIT.—There shall be allowed as a credit
against the tax imposed by this chapter for the taxable year an
amount equal to the sum of the credit amounts determined under
subsection (b) with respect to each new qualified plug-in electric
drive motor vehicle placed in service by the taxpayer during the
taxable year.
‘‘(b) PER VEHICLE DOLLAR LIMITATION.—
‘‘(1) IN GENERAL.—The amount determined under this subsection
with respect to any new qualified plug-in electric drive
motor vehicle is the sum of the amounts determined under
paragraphs (2) and (3) with respect to such vehicle.
‘‘(2) BASE AMOUNT.—The amount determined under this
paragraph is $2,500.
‘‘(3) BATTERY CAPACITY.—In the case of a vehicle which
draws propulsion energy from a battery with not less than
5 kilowatt hours of capacity, the amount determined under
this paragraph is $417, plus $417 for each kilowatt hour of
capacity in excess of 5 kilowatt hours. The amount determined
under this paragraph shall not exceed $5,000.
‘‘(c) APPLICATION WITH OTHER CREDITS.—
‘‘(1) BUSINESS CREDIT TREATED AS PART OF GENERAL BUSINESS
CREDIT.—So much of the credit which would be allowed
under subsection (a) for any taxable year (determined without
regard to this subsection) that is attributable to property of
a character subject to an allowance for depreciation shall be
treated as a credit listed in section 38(b) for such taxable
year (and not allowed under subsection (a)).
‘‘(2) PERSONAL CREDIT.—
‘‘(A) IN GENERAL.—For purposes of this title, the credit
allowed under subsection (a) for any taxable year (determined
after application of paragraph (1)) shall be treated
as a credit allowable under subpart A for such taxable
year.
‘‘(B) LIMITATION BASED ON AMOUNT OF TAX.—In the
case of a taxable year to which section 26(a)(2) does not
apply, the credit allowed under subsection (a) for any taxable
year (determined after application of paragraph (1))
shall not exceed the excess of—
‘‘(i) the sum of the regular tax liability (as defined
in section 26(b)) plus the tax imposed by section 55,
over
‘‘(ii) the sum of the credits allowable under subpart
A (other than this section and sections 23 and 25D)
and section 27 for the taxable year.
‘‘(d) NEW QUALIFIED PLUG-IN ELECTRIC DRIVE MOTOR
VEHICLE.—For purposes of this section—
H.R. 1-213
‘‘(1) IN GENERAL.—The term ‘new qualified plug-in electric
drive motor vehicle’ means a motor vehicle—
‘‘(A) the original use of which commences with the
taxpayer,
‘‘(B) which is acquired for use or lease by the taxpayer
and not for resale,
‘‘(C) which is made by a manufacturer,
‘‘(D) which is treated as a motor vehicle for purposes
of title II of the Clean Air Act,
‘‘(E) which has a gross vehicle weight rating of less
than 14,000 pounds, and
‘‘(F) which is propelled to a significant extent by an
electric motor which draws electricity from a battery
which—
‘‘(i) has a capacity of not less than 4 kilowatt
hours, and
‘‘(ii) is capable of being recharged from an external
source of electricity.
‘‘(2) MOTOR VEHICLE.—The term ‘motor vehicle’ means any
vehicle which is manufactured primarily for use on public
streets, roads, and highways (not including a vehicle operated
exclusively on a rail or rails) and which has at least 4 wheels.
‘‘(3) MANUFACTURER.—The term ‘manufacturer’ has the
meaning given such term in regulations prescribed by the
Administrator of the Environmental Protection Agency for purposes
of the administration of title II of the Clean Air Act
(42 U.S.C. 7521 et seq.).
‘‘(4) BATTERY CAPACITY.—The term ‘capacity’ means, with
respect to any battery, the quantity of electricity which the
battery is capable of storing, expressed in kilowatt hours, as
measured from a 100 percent state of charge to a 0 percent
state of charge.
‘‘(e) LIMITATION ON NUMBER OF NEW QUALIFIED PLUG-IN ELECTRIC
DRIVE MOTOR VEHICLES ELIGIBLE FOR CREDIT.—
‘‘(1) IN GENERAL.—In the case of a new qualified plugin
electric drive motor vehicle sold during the phaseout period,
only the applicable percentage of the credit otherwise allowable
under subsection (a) shall be allowed.
‘‘(2) PHASEOUT PERIOD.—For purposes of this subsection,
the phaseout period is the period beginning with the second
calendar quarter following the calendar quarter which includes
the first date on which the number of new qualified plugin
electric drive motor vehicles manufactured by the manufacturer
of the vehicle referred to in paragraph (1) sold for use
in the United States after December 31, 2009, is at least
200,000.
‘‘(3) APPLICABLE PERCENTAGE.—For purposes of paragraph
(1), the applicable percentage is—
‘‘(A) 50 percent for the first 2 calendar quarters of
the phaseout period,
‘‘(B) 25 percent for the 3d and 4th calendar quarters
of the phaseout period, and
‘‘(C) 0 percent for each calendar quarter thereafter.
‘‘(4) CONTROLLED GROUPS.—Rules similar to the rules of
section 30B(f)(4) shall apply for purposes of this subsection.
‘‘(f) SPECIAL RULES.—
‘‘(1) BASIS REDUCTION.—For purposes of this subtitle, the
basis of any property for which a credit is allowable under
H. R. 1—214
subsection (a) shall be reduced by the amount of such credit
so allowed.
‘‘(2) NO DOUBLE BENEFIT.—The amount of any deduction
or other credit allowable under this chapter for a new qualified
plug-in electric drive motor vehicle shall be reduced by the
amount of credit allowed under subsection (a) for such vehicle.
‘‘(3) PROPERTY USED BY TAX-EXEMPT ENTITY.—In the case
of a vehicle the use of which is described in paragraph (3)
or (4) of section 50(b) and which is not subject to a lease,
the person who sold such vehicle to the person or entity using
such vehicle shall be treated as the taxpayer that placed such
vehicle in service, but only if such person clearly discloses
to such person or entity in a document the amount of any
credit allowable under subsection (a) with respect to such
vehicle (determined without regard to subsection (c)).
‘‘(4) PROPERTY USED OUTSIDE UNITED STATES NOT QUALIFIED.—
No credit shall be allowable under subsection (a) with
respect to any property referred to in section 50(b)(1).
‘‘(5) RECAPTURE.—The Secretary shall, by regulations, provide
for recapturing the benefit of any credit allowable under
subsection (a) with respect to any property which ceases to
be property eligible for such credit.
‘‘(6) ELECTION NOT TO TAKE CREDIT.—No credit shall be
allowed under subsection (a) for any vehicle if the taxpayer
elects to not have this section apply to such vehicle.
‘‘(7) INTERACTION WITH AIR QUALITY AND MOTOR VEHICLE
SAFETY STANDARDS.—A motor vehicle shall not be considered
eligible for a credit under this section unless such vehicle
is in compliance with—
‘‘(A) the applicable provisions of the Clean Air Act
for the applicable make and model year of the vehicle
(or applicable air quality provisions of State law in the
case of a State which has adopted such provision under
a waiver under section 209(b) of the Clean Air Act), and
‘‘(B) the motor vehicle safety provisions of sections
30101 through 30169 of title 49, United States Code.’’.
(b) CONFORMING AMENDMENTS.—
(1) Section 30B(d)(3)(D) is amended by striking ‘‘subsection
(d) thereof’’ and inserting ‘‘subsection (c) thereof’’.
(2) Section 38(b)(35) is amended by striking ‘‘30D(d)(1)’’
and inserting ‘‘30D(c)(1)’’.
(3) Section 1016(a)(25) is amended by striking ‘‘section
30D(e)(4)’’ and inserting ‘‘section 30D(f)(1)’’.
(4) Section 6501(m) is amended by striking ‘‘section
30D(e)(9)’’ and inserting ‘‘section 30D(e)(4)’’.
(c) EFFECTIVE DATE.—The amendments made by this section
shall apply to vehicles acquired after December 31, 2009.
SEC. 1142. CREDIT FOR CERTAIN PLUG-IN ELECTRIC VEHICLES.
(a) IN GENERAL.—Section 30 is amended to read as follows:
‘‘SEC. 30. CERTAIN PLUG-IN ELECTRIC VEHICLES.
‘‘(a) ALLOWANCE OF CREDIT.—There shall be allowed as a credit
against the tax imposed by this chapter for the taxable year an
amount equal to 10 percent of the cost of any qualified plugin
electric vehicle placed in service by the taxpayer during the
taxable year.
H. R. 1—215
‘‘(b) PER VEHICLE DOLLAR LIMITATION.—The amount of the
credit allowed under subsection (a) with respect to any vehicle
shall not exceed $2,500.
‘‘(c) APPLICATION WITH OTHER CREDITS.—
‘‘(1) BUSINESS CREDIT TREATED AS PART OF GENERAL BUSINESS
CREDIT.—So much of the credit which would be allowed
under subsection (a) for any taxable year (determined without
regard to this subsection) that is attributable to property of
a character subject to an allowance for depreciation shall be
treated as a credit listed in section 38(b) for such taxable
year (and not allowed under subsection (a)).
‘‘(2) PERSONAL CREDIT.—
‘‘(A) IN GENERAL.—For purposes of this title, the credit
allowed under subsection (a) for any taxable year (determined
after application of paragraph (1)) shall be treated
as a credit allowable under subpart A for such taxable
year.
‘‘(B) LIMITATION BASED ON AMOUNT OF TAX.—In the
case of a taxable year to which section 26(a)(2) does not
apply, the credit allowed under subsection (a) for any taxable
year (determined after application of paragraph (1))
shall not exceed the excess of—
‘‘(i) the sum of the regular tax liability (as defined
in section 26(b)) plus the tax imposed by section 55,
over
‘‘(ii) the sum of the credits allowable under subpart
A (other than this section and sections 23, 25D, and
30D) and section 27 for the taxable year.
‘‘(d) QUALIFIED PLUG-IN ELECTRIC VEHICLE.—For purposes of
this section—
‘‘(1) IN GENERAL.—The term ‘qualified plug-in electric
vehicle’ means a specified vehicle—
‘‘(A) the original use of which commences with the
taxpayer,
‘‘(B) which is acquired for use or lease by the taxpayer
and not for resale,
‘‘(C) which is made by a manufacturer,
‘‘(D) which is manufactured primarily for use on public
streets, roads, and highways,
‘‘(E) which has a gross vehicle weight rating of less
than 14,000 pounds, and
‘‘(F) which is propelled to a significant extent by an
electric motor which draws electricity from a battery
which—
‘‘(i) has a capacity of not less than 4 kilowatt
hours (2.5 kilowatt hours in the case of a vehicle with
2 or 3 wheels), and
‘‘(ii) is capable of being recharged from an external
source of electricity.
‘‘(2) SPECIFIED VEHICLE.—The term ‘specified vehicle’ means
any vehicle which—
‘‘(A) is a low speed vehicle within the meaning of
section 571.3 of title 49, Code of Federal Regulations (as
in effect on the date of the enactment of the American
Recovery and Reinvestment Tax Act of 2009), or
‘‘(B) has 2 or 3 wheels.
H. R. 1—216
‘‘(3) MANUFACTURER.—The term ‘manufacturer’ has the
meaning given such term in regulations prescribed by the
Administrator of the Environmental Protection Agency for purposes
of the administration of title II of the Clean Air Act
(42 U.S.C. 7521 et seq.).
‘‘(4) BATTERY CAPACITY.—The term ‘capacity’ means, with
respect to any battery, the quantity of electricity which the
battery is capable of storing, expressed in kilowatt hours, as
measured from a 100 percent state of charge to a 0 percent
state of charge.
‘‘(e) SPECIAL RULES.—
‘‘(1) BASIS REDUCTION.—For purposes of this subtitle, the
basis of any property for which a credit is allowable under
subsection (a) shall be reduced by the amount of such credit
so allowed.
‘‘(2) NO DOUBLE BENEFIT.—The amount of any deduction
or other credit allowable under this chapter for a new qualified
plug-in electric drive motor vehicle shall be reduced by the
amount of credit allowable under subsection (a) for such vehicle.
‘‘(3) PROPERTY USED BY TAX-EXEMPT ENTITY.—In the case
of a vehicle the use of which is described in paragraph (3)
or (4) of section 50(b) and which is not subject to a lease,
the person who sold such vehicle to the person or entity using
such vehicle shall be treated as the taxpayer that placed such
vehicle in service, but only if such person clearly discloses
to such person or entity in a document the amount of any
credit allowable under subsection (a) with respect to such
vehicle (determined without regard to subsection (c)).
‘‘(4) PROPERTY USED OUTSIDE UNITED STATES NOT QUALIFIED.—
No credit shall be allowable under subsection (a) with
respect to any property referred to in section 50(b)(1).
‘‘(5) RECAPTURE.—The Secretary shall, by regulations, provide
for recapturing the benefit of any credit allowable under
subsection (a) with respect to any property which ceases to
be property eligible for such credit.
‘‘(6) ELECTION NOT TO TAKE CREDIT.—No credit shall be
allowed under subsection (a) for any vehicle if the taxpayer
elects to not have this section apply to such vehicle.
‘‘(f) TERMINATION.—This section shall not apply to any vehicle
acquired after December 31, 2011.’’.
(b) CONFORMING AMENDMENTS.—
(1)(A) Section 24(b)(3)(B) is amended by inserting ‘‘30,’’
after ‘‘25D,’’.
(B) Section 25(e)(1)(C)(ii) is amended by inserting ‘‘30,’’
after ‘‘25D,’’.
(C) Section 25B(g)(2) is amended by inserting ‘‘30,’’ after
‘‘25D,’’.
(D) Section 26(a)(1) is amended by inserting ‘‘30,’’ after
‘‘25D,’’.
(E) Section 904(i) is amended by striking ‘‘and 25B’’ and
inserting ‘‘25B, 30, and 30D’’.
(F) Section 1400C(d)(2) is amended by striking ‘‘and 25D’’
and inserting ‘‘25D, and 30’’.
(2) Paragraph (1) of section 30B(h) is amended to read
as follows:
‘‘(1) MOTOR VEHICLE.—The term ‘motor vehicle’ means any
vehicle which is manufactured primarily for use on public
streets, roads, and highways (not including a vehicle operated
exclusively on a rail or rails) and which has at least 4 wheels.’’.
H.R. 1-217
(3) Section 30C(d)(2)(A) is amended by striking ‘‘, 30,’’.
(4)(A) Section 53(d)(1)(B) is amended by striking clause
(iii) and redesignating clause (iv) as clause (iii).
(B) Subclause (II) of section 53(d)(1)(B)(iii), as so redesignated,
is amended by striking ‘‘increased in the manner provided
in clause (iii)’’.
(5) Section 55(c)(3) is amended by striking ‘‘30(b)(3),’’.
(6) Section 1016(a)(25) is amended by striking ‘‘section
30(d)(1)’’ and inserting ‘‘section 30(e)(1)’’.
(7) Section 6501(m) is amended by striking ‘‘section
30(d)(4)’’ and inserting ‘‘section 30(e)(6)’’.
(8) The item in the table of sections for subpart B of
part IV of subchapter A of chapter 1 is amended to read
as follows:
‘‘Sec. 30. Certain plug-in electric vehicles.’’.
(c) EFFECTIVE DATE.—The amendments made by this section
shall apply to vehicles acquired after the date of the enactment
of this Act.
(d) TRANSITIONAL RULE.—In the case of a vehicle acquired
after the date of the enactment of this Act and before January
1, 2010, no credit shall be allowed under section 30 of the Internal
Revenue Code of 1986, as added by this section, if credit is allowable
under section 30D of such Code with respect to such vehicle.
(e) APPLICATION OF EGTRRA SUNSET.—The amendment made
by subsection (b)(1)(A) shall be subject to title IX of the Economic
Growth and Tax Relief Reconciliation Act of 2001 in the same
manner as the provision of such Act to which such amendment
relates.
SEC. 1143. CONVERSION KITS.
(a) IN GENERAL.—Section 30B (relating to alternative motor
vehicle credit) is amended by redesignating subsections (i) and
(j) as subsections (j) and (k), respectively, and by inserting after
subsection (h) the following new subsection:
‘‘(i) PLUG-IN CONVERSION CREDIT.—
‘‘(1) IN GENERAL.—For purposes of subsection (a), the plugin
conversion credit determined under this subsection with
respect to any motor vehicle which is converted to a qualified
plug-in electric drive motor vehicle is 10 percent of so much
of the cost of the converting such vehicle as does not exceed
$40,000.
‘‘(2) QUALIFIED PLUG-IN ELECTRIC DRIVE MOTOR VEHICLE.—
For purposes of this subsection, the term ‘qualified plug-in
electric drive motor vehicle’ means any new qualified plugin
electric drive motor vehicle (as defined in section 30D, determined
without regard to whether such vehicle is made by
a manufacturer or whether the original use of such vehicle
commences with the taxpayer).
‘‘(3) CREDIT ALLOWED IN ADDITION TO OTHER CREDITS.—
The credit allowed under this subsection shall be allowed with
respect to a motor vehicle notwithstanding whether a credit
has been allowed with respect to such motor vehicle under
this section (other than this subsection) in any preceding taxable
year.
H. R. 1—218
‘‘(4) TERMINATION.—This subsection shall not apply to
conversions made after December 31, 2011.’’.
(b) CREDIT TREATED AS PART OF ALTERNATIVE MOTOR VEHICLE
CREDIT.—Section 30B(a) is amended by striking ‘‘and’’ at the end
of paragraph (3), by striking the period at the end of paragraph
(4) and inserting ‘‘, and’’, and by adding at the end the following
new paragraph:
‘‘(5) the plug-in conversion credit determined under subsection
(i).’’.
(c) NO RECAPTURE FOR VEHICLES CONVERTED TO QUALIFIED
PLUG-IN ELECTRIC DRIVE MOTOR VEHICLES.—Paragraph (8) of section
30B(h) is amended by adding at the end the following: ‘‘,
except that no benefit shall be recaptured if such property ceases
to be eligible for such credit by reason of conversion to a qualified
plug-in electric drive motor vehicle.’’.
(d) EFFECTIVE DATE.—The amendments made by this section
shall apply to property placed in service after the date of the
enactment of this Act.
SEC. 1144. TREATMENT OF ALTERNATIVE MOTOR VEHICLE CREDIT
AS A PERSONAL CREDIT ALLOWED AGAINST AMT.
(a) IN GENERAL.—Paragraph (2) of section 30B(g) is amended
to read as follows:
‘‘(2) PERSONAL CREDIT.—
‘‘(A) IN GENERAL.—For purposes of this title, the credit
allowed under subsection (a) for any taxable year (determined
after application of paragraph (1)) shall be treated
as a credit allowable under subpart A for such taxable
year.
‘‘(B) LIMITATION BASED ON AMOUNT OF TAX.—In the
case of a taxable year to which section 26(a)(2) does not
apply, the credit allowed under subsection (a) for any taxable
year (determined after application of paragraph (1))
shall not exceed the excess of—
‘‘(i) the sum of the regular tax liability (as defined
in section 26(b)) plus the tax imposed by section 55,
over
‘‘(ii) the sum of the credits allowable under subpart
A (other than this section and sections 23, 25D, 30,
and 30D) and section 27 for the taxable year.’’.
(b) CONFORMING AMENDMENTS.—
(1)(A) Section 24(b)(3)(B), as amended by this Act, is
amended by inserting ‘‘30B,’’ after ‘‘30,’’.
(B) Section 25(e)(1)(C)(ii), as amended by this Act, is
amended by inserting ‘‘30B,’’ after ‘‘30,’’.
(C) Section 25B(g)(2), as amended by this Act, is amended
by inserting ‘‘30B,’’ after ‘‘30,’’.
(D) Section 26(a)(1), as amended by this Act, is amended
by inserting ‘‘30B,’’ after ‘‘30,’’.
(E) Section 904(i), as amended by this Act, is amended
by inserting ‘‘30B,’’ after ‘‘30’’.
(F) Section 1400C(d)(2), as amended by this Act, is amended
by striking ‘‘and 30’’ and inserting ‘‘30, and 30B’’.
(2) Section 30C(d)(2)(A), as amended by this Act, is
amended by striking ‘‘sections 27 and 30B’’ and inserting ‘‘section
27’’.
(3) Section 55(c)(3) is amended by striking ‘‘30B(g)(2),’’.
H. R. 1—219
(c) EFFECTIVE DATE.—The amendments made by this section
shall apply to taxable years beginning after December 31, 2008.
(d) APPLICATION OF EGTRRA SUNSET.—The amendment made
by subsection (b)(1)(A) shall be subject to title IX of the Economic
Growth and Tax Relief Reconciliation Act of 2001 in the same
manner as the provision of such Act to which such amendment
relates.
PART VI—PARITY FOR TRANSPORTATION
FRINGE BENEFITS
SEC. 1151. INCREASED EXCLUSION AMOUNT FOR COMMUTER TRANSIT
BENEFITS AND TRANSIT PASSES.
(a) IN GENERAL.—Paragraph (2) of section 132(f) is amended
by adding at the end the following flush sentence:
‘‘In the case of any month beginning on or after the date
of the enactment of this sentence and before January 1, 2011,
subparagraph (A) shall be applied as if the dollar amount
therein were the same as the dollar amount in effect for such
month under subparagraph (B).’’.
(b) EFFECTIVE DATE.—The amendment made by this section
shall apply to months beginning on or after the date of the enactment
of this section.
Regional Transportation Commission of Southern Nevada Stimulus Spending Plans
The Regional Transportation Commission (RTC) of Southern Nevada estimates it will be receiving $38.8 million of federal government funding for transportation infrastructure development from the American Recovery and Reinvestment Act of 2009. The RTC will also receive another $33.6 million for transit project development.
The infrastructure money will be apportioned within the southern Nevada region according to a formula based on population and assessed property values. According to director Jacob Snow, “This equitably and expeditiously spends the money. This makes sure everyone gets something.”
Planning for funding distribution is as follows:
1. Clark County, $15.9 million
2. Las Vegas, $9.9 million
3. North Las Vegas, $4.8 million
4. Henderson, $6.2 million
5. Boulder City, $1 million
6. Mesquite, $1 million
Most of the money will be used to pave highways and roads within the southern Nevada region, but funding will also be available to rehabilitate bus stop areas as well as fiber optic lines for traffic lights and other communications infrastructure.
The goal of creating many small construction projects instead of a few large ones is to spread the money around in order to employ as many people as possible in Southern Nevada. These projects will employ workers skilled in concrete, asphalt, carpentry, electric and high tech trades.
Snow expects all contracts for these work projects to be signed and actual construction work to begin within 120 days. The RTC must keep track of how many jobs it creates with the funding it is given and report these amounts back to the federal government as part of the requirements for transparency and accountability under the stimulus bill. If the federal taxpayer money from the American Recovery and Reinvestment Act of 2009 is not spent within one year to create employment within a funded region, it will be returned to Congress for reapportionment to other regions.
Additionally, the RTC has received $33.6 million in federal taxpayer money to develop longer term public transit projects. Proposed projects by the RTC include construction of the Downtown Transit Center in Las Vegas, establishment of the Boulder Highway Ace bus route, and construction of a “Park and Ride” interconnecting transit facility.
Members of the Regional Transportation Commission will vote on the project list during their next meeting on March 12, 2009.
MagLev Rail System from Las Vegas to Anaheim Gets New Life from Stimulus Bill
A proposed high-speed Magnetic Levitation (MagLev) electric railroad system from Las Vegas, Nevada to Anaheim, California has been in the planning stages for almost 30 years, with a current construction price tag estimated at $13 billion to develop.
It has been a pet project of U.S. Senator Harry Reid to provide a fast transportation route between southern California and southern Nevada that would supplement the highway and airport transportation systems that currently bring about 36 million visitors a year to Las Vegas, one of the biggest tourist and convention destinations in the world.
The political fortunes of this project have seen many ups and downs over the last three decades, most recently cited in February 2009 as a potential “boondoggle” for federal spending by Louisiana Governor Bobby Jindal during his Republican response to a speech by President Barack Obama. Republican Congressional Representatives and Senators almost unanimously voted against the passage of the American Recovery and Reinvestment Act of 2009. Governor Jindal sought to defend the actions of the Republican Party. Only three Republican Senators voted to pass the bill during February 2009 that included $8 billion to develop high-speed rail systems in the U.S., where Las Vegas would have to compete against other regions within the country to receive federal funds to develop the system.
On March 3, 2009, Brian Eckhouse of the Las Vegas Sun newspaper profiled local efforts of the “California-Nevada Super Speed Train Commission” and found that this project has been kept alive in Nevada by the single determination of Richann Bender. She is the director and only staffer of the commission, but receives no payment for her current efforts. Richann has volunteered her time as well as her home, where one room serves as office space for this entity. The California-Nevada Super Speed Train Commission only has about $50,000 in its working account, which is enough to fund its Internet connection and some other bureaucratic requirements, but does not provide enough budget money to reimburse Ms. Bender for a salary or her transportation costs.
Richann’s involvement with the project began in 1981, when she was hired as a project coordinator for a proposed high speed train by Las Vegas Mayor William Briare, who originally conceived of the plan. Her original salary was funded by a federal grant and a position was created for her within Las Vegas city government where she also became responsible for many other projects and responsibilities. She eventually retired from her Las Vegas city government job in 2008 at age 60 but continued to volunteer to promote the magnetic-levitation high speed rail project.
For this proposal to move forward, the “California-Nevada Super Speed Train Commission” would need about $7 million and 18 months to complete an environmental study of the route by URS Corporation. Orange County jurisdictions and other agencies near the Anaheim, California side of the high-speed rail system have already contributed about $2 million to fund the environmental study that was begun by URS and then halted once the remaining funds were not provided. If an environmental study is finally approved, the Las Vegas region would then partner with the Anaheim region to acquire about $12 billion to cover construction costs for the entire system.
Although this sounds expensive, the price tag is comparable to building two lanes of highway in a developed metropolitan area. Amtrak discontinued passenger rail service between Las Vegas and Los Angeles in the late 1990s, although commercial freight rail services continue to pass through Las Vegas, a city that was founded as a steam locomotive watering stop for the interstate railroad system in the high desert over 100 years ago.
The Federal Railroad Administration held a competition for regional maglev projects in 2001, but did not go forward on any project proposal once the U.S. government changed its focus in response to the World Trade Center attack by terrorists on September 11th. The United States of America trails many smaller countries in the use and development of this proven technology for high-speed electric rail transportation, including Germany, Japan, Taiwan and Singapore.
“And it would bring a whole new industry to the U.S.”, Bender says of the proposed 300-mile-per-hour maglev system that would allow travel from Anaheim to Las Vegas in just 86 minutes. A one-way trip between these two destinations would include stops at stations along the way that presently include the proposed cities of Ontario, Victorville, and Barstow in California, as well as Primm at the Nevada-Las Vegas border, before reaching McCarren Airport and continuing onto its final docking station in downtown Las Vegas.
Senate Majority Leader Harry Reid Proposes “Electric Superhighway” for National Grid
On March 5, 2009, U.S. Senate Majority Leader Harry Reid from Nevada introduced legislation to speed development of a national renewable electricity grid system that will provide power to residential and commercial buildings, as well as an electric-powered transportation system.
The bill is called the Clean Renewable Energy and Economic Development (CREED) Act. “Reforming our energy policy to build a cleaner, greener, national transportation system—an electric superhighway- must be a top national priority,” said Reid as he introduced the bill. In follow-up presentations, he stated that during the last two years under the Bush administration, the country had developed 6,000 miles of pipeline infrastructure to transport natural gas but only developed 600 miles of electric power transmission lines to distribute electrical power. He felt that these energy infrastructure priorities were out of balance and needed to change.
The goal of this new bill is to expand the authority for the Federal Energy Regulatory Commission (FERC) to designate development zones that hold the potential to generate 1 Gigawatt of electricity from geothermal, solar, wind or other natural resources, but that are not yet reachable from the existing national electrical grid. The bill directs state, utilities, and developers to cooperate under the umbrella of the FERC to form plans that would integrate these renewable energy zones into current power transmission line networks, mapping more efficient and streamlined regional routes for electricity that would benefit the citizens of all the states in a development region.
By working under the umbrella of the FERC, projects that would normally take 8 to 16 years to develop locally at the state or municipal level could be pushed through more swiftly in three to five years. There is expected to be some debate on this issue over state’s rights because the power to locate transmission lines has usually been at the discretion of individual states whose citizens own the land that will be used for the transmission lines.
In the case of Nevada, the federal government Bureau of Land Management (BLM) currently owns and administers about 80% of the geographic area within the state, most of it unused desert that would be prime development area for solar and wind generation projects. Senator Reid has long felt that Nevada could be the “Saudi Arabia” of renewable energy development, setting an example for the rest of the nation. He first became involved in renewable energy projects at the request of former Nevada governor Mike Callaghan after the OPEC oil crisis of the 1970s, working with the Nixon administration on energy conservation and renewable energy issues.
While delivering the keynote address at a green energy summit on the campus of UNLV during the summer of 2008 that was organized by Senator Reid, former President Bill Clinton challenged the state of Nevada to become self-reliant on renewable energy power generation, saying that the state’s example would “rock the world”. This new legislation can potentially create thousands of green jobs while building out this new infrastructure, particularly in the Southwest region of the U.S.
Already, Senator Reid’s efforts during the summer of 2008, as well as the election of Barack Obama to the office of President of the United States, have had a transformative effect on the local Nevada electrical grid infrastructure and related state energy politics. Sierra Pacific Resources CEO Michael Yackira attended the green energy summit conference and delivered a speech before a national audience that included Lawrence Berkeley National Labs Director Steven Chu, now Secretary of the Department of Energy under the Obama administration. Since that time, Yackira has combined the two utilities within the state, Sierra Pacific Power in the north and Nevada Power in the south, into one statewide utility called NV Energy.
At present, there is a gap of about 250 miles that separates the transmission lines from the northern part of the state to the southern part of the state. NV Energy has announced plans to build transmission lines to bridge this gap, so that both regions of the state can share their combined renewable energy resources.
The northern part of the state is rich in geothermal and wind generation potential while the south has abundant solar energy and hydroelectric power through Hoover Dam.
Negotiations with New York-based energy developer LS Power to develop a coal-fired power plant in Ely, Nevada have been put on hold by NV Energy until carbon emission problems can be resolved, something that may take 10 years of research and development. In turn, LS Power suspended development plans for the White Pine Energy Station project in Ely, but will continue to contract to build the South West Intertie Project (SWIP), a 500-mile interstate transmission line project that will reach from southern Idaho to Las Vegas and into Arizona. The goal of this project will be to move energy developed in the rural areas of these states into the more populated areas throughout the region. During the last months of 2008, LS Power received approval from the Bureau of Land Management (BLM) for access to the proposed transmission line route it wants to build on federally-owned Nevada land to interconnect the northern and southern utilities within the state.
For more information about the proposed CREED Act, including a video presentation, visit U.S. Senator Harry Reid’s web site online at: http://reid.senate.gov/newsroom/030509_energy.cfm
Solar and Wind Industries Publish White Paper on National Electrical Grid Shortcomings
Solar, Wind Industries Release White Paper on Green Transmission Superhighway
Washington, District of Columbia, United States February 18, 2009
The American Wind Energy Association (AWEA) and the Solar Energy Industries Association (SEIA) today released a white paper titled “Green Power Superhighways: Building a Path to America’s Clean Energy Future,” detailing current inadequacies of the U.S. electric transmission infrastructure and offering policy solutions to address them.
Inadequate transmission capacity is a significant barrier to renewable energy development in the U.S. Underscoring that fact, SEIA President and CEO Rhone Resch and AWEA CEO Denise Bode held a news conference with reporters today to announce publication of the white paper.
The release of the paper comes at a critical time. President Obama and Congress have made strong commitments to renewable energy as a driver for jobs creation and economic growth, but the nation’s renewable energy resources can not reach their full potential without renewed investment in our transmission infrastructure.
“Just as President Eisenhower’s vision of a modern interstate highway system transformed commerce and transportation in our nation, the benefits of this kind of investment by our generation will far exceed the costs. We need a modern electron superhighway to power our nation’s 21st century economy with clean, renewable energy,” said Bode. “Nearly 300,000 MW of wind capacity is held up in the pipeline due to transmission limitations. The wind industry is ready to get these projects in the ground, create thousands of jobs, generate investment here in the U.S. and provide an inexhaustible supply of clean, affordable energy for years to come.”
“President Obama has issued the bold challenge to double renewable energy generation in the U.S. in three years. This will not be achieved without renewed investment in our electric transmission infrastructure to ensure that the regions with the best solar resources are connected to population centers where they are needed most,” said Resch. “At the same time, new investments will create thousands of good-paying jobs in areas hard hit by the recession. This effort will require a cohesive plan from federal, state, and local interests and will not be easy, but we are up to the President’s challenge.”
AWEA is the national trade association of America’s wind industry, with more than 1,900 member companies, including global leaders in wind power and energy development, wind turbine manufacturing, component and service suppliers, and the world’s largest wind power trade show. AWEA is the voice of wind energy in the U.S., promoting renewable energy to power a cleaner, stronger America.
Solar Energy Industries Association is the national trade association of solar energy manufacturers, project developers, distributors, contractors, installers, architects, consultants and financiers. Established in 1974, SEIA works to expand the use of solar technologies in the global marketplace, strengthen research and development, remove market barriers, and improve education and outreach for solar.
Source: AWEA
Ausra, Inc. Las Vegas Manufacturing Plant Grows Solar Thermal Production
Ausra, Inc. of Palo Alto, California, established a manufacturing plant for its solar thermal electricity generating product line here in Las Vegas during April 2008. The company originally hired 25 manufacturing employees and installed a “state of the art” robotic production line to assemble its mirror and solar thermal tube technology for installation in several power plants being constructed for the PG&E utility in California. The largest is a 177-Megawatt facility being built near San Luis Obispo, California.
The company is funded by Venture Capitalist partners Kleiner, Perkins, Caufield and Byers (KPCB), whose historical portfolio of start-up company investments includes Intel Corporation, Google, Amazon, Sun Microsystems, Intuit and many other innovative companies at: http://www.kpcb.com
The VC company has been investing in “green” technology for the last two years and includes former Vice-president and Nobel Prize winner Al Gore as a member of the company’s Board of Directors.
The Las Vegas facility is the only solar thermal component assembly plant in North America. In January 2009, the company announced that it “is strategically positioning itself to achieve its goals and serve its customers by focusing on being a technology and equipment supplier rather than an independent power developer and owner”.
Since February 2009, the company has increased its local Las Vegas employment to a staff exceeding 35 people with a goal of creating a maximum of 50 jobs at this site over the next year. The company will be expanding its product offerings to include solar steam generating systems for use in food processors, for enhanced oil recovery applications, as well as power booster systems that deliver steam into existing fossil-fueled power plants. This type of system would provide a supplemental 50 Megawatts of equivalent solar-generated electric power.
These type of commercial product applications can be manufactured and employed within months from the local Las Vegas plant, compared to the years required to develop a standalone power generating plant for use by a local utility because of the need to obtain permits and transmission line access. The current financial credit crisis has forced the company to postpone its aggressive plans to develop and install power plants at a pace of 1 Gigawatt of power per year in California, Nevada, and Arizona over the next 10 to 20 years.
Ormat Technologies Posts Substantial Increase in Net Income from Geothermal Industry
United States February 24, 2009
Ormat Technologies, Inc. (NYSE: ORA) today announced results for the fourth quarter and full year ended December 31, 2008.
Highlights of the company performance include:
Revenues increased 35.2% for the quarter to $95.5 million and 16.5% for the year to $344.8 million.
Net income increased 31.3% to $11.7 million in the quarter and 82.0% to $49.8 million for the year.
Earnings per share increased 18.2 % to $0.26 in the quarter and 60% to $1.12 for the year.
Product backlog reached a record high of $194.0 million.
Ormat-owned generating capacity increased by 109 MW, an increase of over 25% during 2008.
Commenting on the results, Dita Bronicki, Chief Executive Officer of Ormat, stated: "It was a good year and quarter for Ormat, as reflected in our financial results. The fundamental business of the Company is in excellent condition and the benefits of the new Stimulus Act will further improve our future results. We substantially grew and improved the profitability of our Electricity and Products Segments, significantly increased the generating capacity in our Electricity Segment and ended the year with a record backlog in the Products Segment.
In our Electricity Segment, we have substantially completed the construction of several projects that have increased our generating portfolio by 109 MW to 505 MW. This organic growth includes:
phase II of the Olkaria III project in Kenya, which was completed during the fourth quarter of 2008 and is now in commercial operation;
the 50 MW North Brawley project, which reached the start up phase and will ramp up gradually with full capacity expected in the second quarter of 2009;
18 MW in 2 different geothermal projects; and
5.5 MW in the first of four OREG 2 recovered energy generation (REG) projects".
Ms. Bronicki continued, "Looking ahead to 2009, in our Electricity Segment we expect to add approximately 34 MW to our generating portfolio. We had hoped to complete the 30 MW East Brawley project in 2009, but this project has been pushed back to 2010 due to permitting delays".
"In support of future growth we have added 150,000 acres of new leases to our development inventory during 2008, a large acreage for future exploration activity. We have in place the capital resources to fund our CapEx requirement of about $250 million for our present growth plans in 2009", Ms. Bronicki concluded.
Electricity revenues for the fourth quarter of 2008 were $62.1 million, an increase of 11.8%, compared to $55.5 million in the fourth quarter of 2007. The increase in electricity revenues is primarily attributable to a net increase in domestic electricity generation to 645,826 MWh for the quarter, up from 533,110 MWh in the same period of 2007 as a result of new plants coming on line and enhanced performance of existing plants. In addition, increased energy rates at the Puna project due to higher oil prices also helped boost electricity revenues. Current lower oil prices will reduce our revenues from the Puna project in 2009.
Revenues from the Products Segment for the three-month period ended December 31, 2008 were $33.4 million, compared to $15.1 million in the same period in 2007, an increase of 120.9%. Most of the increase in revenues was derived from two large geothermal projects, the Blue Mountain project in Nevada and the Centennial Binary Plant in New Zealand.
Adjusted EBITDA for the fourth quarter of 2008 was $31.5 million, compared to $25.2 million in the same quarter last year. Adjusted EBITDA includes operating income and depreciation and amortization totaling $1.3 million and $2.0 million for the quarters ended December 31, 2008 and 2007, respectively, related to the Company's unconsolidated investments. The reconciliation of GAAP net income to Adjusted EBITDA is set forth below in this release.
Cash, cash equivalents and marketable securities as of December 31, 2008 decreased to $34.4 million from $60.7 million as of December 31, 2007. In addition, we have unutilized committed bank lines of credits aggregating $222.5 million.
On February 24, 2009, Ormat's Board of Directors approved the payment of a quarterly cash dividend of $0.07 per share pursuant to the Company's dividend policy, which targets an annual payout ratio of at least 20% of the Company's net income, subject to Board approval. The dividend will be paid on March 26, 2009, to shareholders of record as of the close of business on March 16, 2009. The Company expects to pay a dividend of $0.06 per share in the next three quarters, compared to $0.05 per quarter in 2008.
Annual Results
For the year ended December 31, 2008, total revenues were $344.8 million, an increase of 16.5% from $296.0 million for the year ended December 31, 2007. Net income for the year ended December 31, 2008 was $49.8 million, or $1.12 per share (diluted), compared to $27.4 million, or $0.70 per share (diluted), for the year ended December 31, 2007. There were 44.3 million weighted average shares used in the computation of diluted earnings per share in the year ended December 31, 2008 and 38.9 million weighted average shares in the year ended December 31, 2007.
Electricity Segment revenues for the year ended December 31, 2008, were $252.3 million, an increase of 16.8% from $216.0 million for the year ended December 31, 2007. Products Segment revenues for the year ended December 31, 2008 were $92.6 million, an increase of 15.8% from $80.0 million in the year ended December 31, 2007.
For the year ended December 31, 2008, the Company's gross margin was 29.6%, compared to 26.8% for the year ended December 31, 2007. Operating income for the year ended December 31, 2008 was $60.6 million, compared with $43.5 million for the year ended December 31, 2007, an increase of 39.5%. The increase in operating income is primarily attributable to increased revenues in both our Electricity and Products Segments as well as increased gross margins.
Adjusted EBITDA for the year ended December 31, 2008, was $124.7 million dollars, compared to $107.2 million for the year ended December 31, 2007. Adjusted EBITDA includes consolidated EBITDA and the Company's share in the operating income and depreciation and amortization totaling $5.4 million and $14.6 million for the year ended December 31, 2008 and 2007, respectively, related to the Company's unconsolidated investments.
Commenting on the outlook for 2009, Ms. Bronicki said, "We expect our 2009 Electricity Segment revenues to be between $280 million and $290 million. We also expect an additional $9 million of revenues from our share of electricity revenue generated by a subsidiary, which is accounted for under the equity method. With regard to our Products Segment, we expect that our 2009 revenues will be between $100 million and $120 million".
Ormat Technologies, Inc. is the only vertically-integrated company primarily engaged in the geothermal and recovered energy power business. The Company designs, develops, owns and operates geothermal and recovered energy-based power plants around the world. Additionally, the Company designs, manufactures and sells geothermal and recovered energy power units and other power-generating equipment, and provides related services. The Company has more than four decades of experience in the development of environmentally-sound power, primarily in geothermal and recovered-energy generation. Ormat products and systems are covered by more than 75 patents. Ormat currently operates the following geothermal and recovered energy-based power plants: in the United States - Brady, Heber, Mammoth, Ormesa, Puna, Steamboat and OREG 1; in Guatemala - Zunil and Amatitlan; in Kenya - Olkaria; in Nicaragua – Momotombo; and in New Zealand - GDL.
Ormat's Safe Harbor Statement:
Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to Ormat's plans, objectives and expectations for future operations and are based upon its management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, see "Risk Factors" as described in Ormat Technologies, Inc.'s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 5, 2008 and on Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 6, 2008.
Source: Ormat
Northwest Career and Technical Center Holds Solar Car Challenge/AFV Demonstration
PRESS RELEASE
FOR IMMEDIATE RELEASE
CONTACT: David Philippi 799-4640 ext. 4305
DATE: January 12th, 2009
Northwest Career and Technical Center – Solar Car Challenge/Alternative Fuel Demonstration
The Northwest Career and Technical Academy (NWCTA) will host the 2nd Annual Solar Car Challenge on Friday, March 13th, 2009 in the Banquet Facility and adjoining parking lot. Approximately 30 student teams will compete to determine who has the fastest solar-powered model race car as well as provide informational booths on alternative energy sources.
This integrated curriculum project involves the Alternative Fuels/Transportation Program for the design of model cars, Hospitality Program for the event planning and marketing, Media Communications Program for the documentation of the event and the Culinary Program for food and beverages. Local government agencies and car dealerships will be on-hand to demonstrate alternative fuel vehicles.
Time trials will begin at 8:00 a.m. with the finals scheduled for 12:30 p.m. The public is invited to attend this free event. Past participants included Escape Adventures with a van that operates with 100% vegetable oil, Veolia Transportation with a hybrid CAT bus, the City of Las Vegas with a fuel cell car, as well as the Clark County Government, Las Vegas Valley Water District, the Clark County School District, S & H Architecture, Bombard Electric, Desert Toyota, LV Metropolitan Police Department, TEECO International, and the JATC Electrical Apprenticeship.
NWCTA is located at 8200 W. Tropical Pkwy, Las Vegas, 89149. Interested parties can contact David Philippi at dphilippi@interact.ccsd.net or 799-4640 ext. 4305.
LVEVA DVD Reference Library
The LVEVA maintains a growing library of DVD reference videos that are available to its members that can be borrowed for one month at a time. Bill Kuehl, LVEVA Secretary/Treasurer is also the LVEVA video librarian. He can be contacted to pick up and return these videos at each monthly chapter meeting. The current list of videos that are available for a one month rental are:
1. “Who Killed the Elecric Car” Documentary
2. Plug in Partners National Campaign (2006)
3. EAA Silicon Valley CalCars PHEV Technology Overview (2005)
4. Boulder City Christmas Parade Highlights (2006)
5. Convert Your Pickup to Electric (DIY Video by GrassrootsEV)
Note: This video can be copied to viewer’s hard disk to keep!
6. Tom Gage of AC Propulsion speaks at EAA Silicon Valley (2005)
7. Monster Garage EV conversion (Jesse James)
and John Wayland White Zombie Videos (2006)
8. Electric Avenue by George Gladic Fox Valley EAA Chapter 2006.
9. Bruce Katz of Polyplus Battery Company speaks at EAASV (2005)
EV Repairs and Service
Western Petroleum Station
2051 E. Sahara (corner of Eastern Avenue and Sahara)
Las Vegas, NV 89104
Contact: Jim Johnson
Telephone: (702) 457-2675
Web site: http://storefront.dexonline.com/jims-texaco
EV Conversion and Fabrication Support
The Hybrid Company
5225 S. Valley View Blvd., Suite 16
Las Vegas, NV 89118
Web site: http://www.thehybridcompany.com
Tel: (702) 539-2337
Fax: (702) 255-2710
Contact: John DeVillier
Precision EV Components Machining Support
Real Products, LLC
3433 Neeham Road #2
North Las Vegas, NV 89030
Contact: Eric Tschabold
Tel: (702) 644-1165
Email: energyz@cox.net
EV Parts and Kits for Sale:
GrassrootsEV.com
Las Vegas Office
Address: 5225 S. Valley View Blvd., Las Vegas, NV 89118
“Electric Vehicles and Everything for Them”
Contact: Jon Hallquist
Tel: (702) 277-7544
Email: jon@grassrootsev.com
Web site: http://www.grassrootsev.com
OKA NEV ZEV Parts and Kits for Sale: www.okaauto.com
OKA NEV ZEV KIT cars in stock now for immediate delivery prices start at $5,000 FOB Las Vegas. We also have 4844 ALLTRAX Controllers(48V 400 A DC for Series motor) in stock (more than we need) $550 list, $375.00 NET.
Contact: Miro Kefurt
OKA AUTO USA : www.okaauto.com
Distributor: MIROX Corporation
5015 W. Sahara Ave. #125-130
Las Vegas, Nevada 89146
USA
Tel: (702) 683-8292
E-mail: okaauto@aol.com
The Free Energy Store
300 West Utah, Suite 101
Las Vegas, NV 89102
Tel: (702) 320-0770
Fax: (702) 320-0270
Web site: http://www.freeenergystore.com
Contact: Russ Lord
Email: russ@freeenergystore.com
EV-Charge America
Sales and Installation of Coulomb Technologies "Smartlet" EV Charging Stations
8620 Eastern Ave. Suite 5
Las Vegas, NV. 89123
Contact: Bob Rosinski or Tom Haynie
Tel: (702) 696-1600
Tom Haynie Cell: (702) 738-7456
Fax: (866) 941-6819
Bob Rosinski Email: bob@ev-chargeamerica.com
Tom Haynie Email: tom@ev-chargeamerica.com
For Sale: Chrome "Electric" Emblems for EV's
Mike Chancey - Posted 06/25/00
Location: Kansas City, Missouri
Checked: 07/13/03
Chrome "Electric" car emblems, just like the OEM factory lettering. Okay, so you own a beautiful electric vehicle, but does the world know? Show them with these profession quality "ELECTRIC" emblems. Fabricated from weather resistant thermoplastic, these signs feature a bright chrome like finish on the letter faces with a subtle matte black background. They mount easily with the self adhesive HighTack backing. Simply peel off the protective cover, and press the sign into place. Each sign is approximately 1.25" in height and 7" in length. Only $6.00 each or four for $20.00, plus $1.75 shipping and handling per order. Discounts for larger orders available. Send check or money order to:
Mike Chancey, 1700 East 80th Street, Kansas City, MO 64131, or order online.
EVs For Sale:
Electrans 3-wheel Futurista ETV
Range of 55 miles
Top speed of 45 mph.
Department of Transportation (DOT) approval to license this vehicle through the DMV
List price is $13,995
Contact: ElecTrans
Address: 5450 South Cameron #101, Las Vegas, NV 89118
Tel: (702) 889-2146
Web site: www.futurista.biz
For Sale: Electric 1985 Pontiac “Fiero” --Record-Holding Race Car
This 1985 Pontiac “Fiero” Conversion currently holds four National Electric Drag Racing Association (NEDRA) Class Records.
1. Class MC/F (Modified Conversion 97-120 volts)
2. Class MC/E (Modified Conversion 121-144 volts)
3. Class MC/D (Modified Conversion 145-168 volts)
4. Class MC/C (Modified Conversion 169-192 volts)
The 1985 Pontiac Fiero has been converted with:
1. A new Netgain Warp-9 Electric DC Motor coupled to a 5-speed manual transmission.
2. A DCP T-REX 1000 Water-cooled Controller with an Input Voltage Range of 96 to 336 Volts
and Motor Current Rating at 1000 Amps.
3. The Battery System is at 192 Volts. The battery pack consists of sixteen 12-volt sealed ODYSSEY PC-680 batteries with the capability of increasing battery pack capacity and voltages to compete in the NEDRA MC/B Class (Modified Conversion 193-240 volts) or to a maximum capacity of 336-volts to compete in the MC/A Class (Modified Conversion 241 volts and higher).
4. Tires are B.F. Goodrich G-Force T/A Drag Radials P215/60 R14 that connect the Electric Motor torque to the road for “no slip” acceleration.
5. Battery Charger is a 120- to 240-volt Variable Transformer with a heavy-duty full bridge rectifier. Additional cables and connectors are installed for Dump Charging from a DC battery pack.
Asking Price: $10,000 or Best Offer.
Contact: William Kuehl
Address: 4504 W. Alexander Road, North Las Vegas, Nevada 89032
Telephone: 702-636-0304
