S. 339 would promote the national security and stability of the United States economy by reducing the dependence of the United States on oil through the use of alternative fuels and new technology.
Detailed Summary
Dependence Reduction through Innovation in Vehicles and Energy Act or DRIVE Act - Instructs the Director of the Office of Management and Budget to publish in the Federal Register an oil savings target and action plan for specified calendar years.
Directs the Secretary of Transportation to develop: (1) a fuel efficiency consumer education program for motor vehicle tires; (2) a fuel efficiency program for passenger automobile and light truck tires; and (3) a program to designate Transit-Oriented Development Corridors.
Directs the Administrator of the Environmental Protection Agency to: (1) develop a testing and assessment program to determine heavy duty vehicle fuel economy; (2) establish a task force to develop minimum certification standards for plug-in hybrid electric vehicles; and (3) establish a near-term electric transportation deployment program.
Instructs the Secretary of Transportation to prescribe average heavy duty vehicle fuel economy standards.
Amends the Internal Revenue Code to: (1) allow a tax credit for 50% of the cost and installation (up to $3,500) of a qualifying idling reduction device (includes off-truck infrastructure equipment) on a heavy-duty diesel-powered on-highway vehicle; (2) allow a credit for 35% of the advanced motor vehicle technology expenses of certain motor vehicle manufacturers or component parts manufacturers; (3) terminate the limitation on the number of new qualified hybrid and advanced lean burn vehicles eligible for the alternative motor vehicle credit; (4) extend the alternative motor vehicle credit; (5) establish a fuel-efficient tax credit for private fleets; (6) subject heavy vehicles to the depreciation limitation for certain luxury automobiles; (7) increase the alternative fuel vehicle refueling property credit; (8) extend biodiesel income and excise tax credits; (9) increase the small ethanol producer tax credit for sucrose and cellulosic ethanol producers; and (10) provide plug-in electric vehicle incentives.
Directs the Secretary of Energy to: (1) establish a lightweight material research and development program; (2) carry out a research and commercial application program for electric drive transportation technology and engine dominant hybrid vehicle technology; (3) provide hybrid technology loan guarantees; and (4) require that by FY2016 each federal agency achieve at least a 30% reduction in its fleet petroleum consumption, and have at least 30% of its alternative fuel vehicles be hybrid or lean burn vehicles; (5) establish an alternative fuels pilot grant program; and (6) conduct a national media campaign to decrease U.S. oil consumption over the next decade.
Sets forth a federal agency motor vehicle efficiency and fuel requirements.
Prescribes fuel efficiency requirements for automobiles sold in the United States for specified model years. Amends the Clean Air Act to prescribe minimum annual quantities of renewable fuel from cellulosic biomass and sugar.
Directs the Secretary of Agriculture to establish a low-interest loan and grant program for farmer-owned ethanol producers to develop infrastructure, including pump stations, for the retail delivery of any fuel containing at least 85% ethanol.
Status of the Legislation
Latest Major Action: 1/18/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.
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