CREDIT FOR QUALIFIED ELECTRIC VEHICLES.

SEC. 602. CREDIT FOR QUALIFIED ELECTRIC VEHICLES. (a) In General.—Section 30 is amended— (1) in subsection (b)(2)— (A) by striking “December 31, 2001,” and inserting “December 31, 2003,”, and (B) in subparagraphs (A), (B), and (C), by striking “2002”, “2003”, and “2004”, respectively, and inserting “2004”, “2005”, and “2006”, respectively, and (2) in subsection (e), by striking “December 31, 2004” and inserting “December 31, 2006”. (b) Conforming Amendments.— (1) Subparagraph (C) of section 280F(a)(1) is amended by adding at the end the following new clause: “(iii) Application of subparagraph.—This subparagraph shall apply to property placed in service after August 5, 1997, and before January 1, 2007.”. (2) Subsection (b) of section 971 of the Taxpayer Relief Act of 1997 is amended by striking “and before January 1, 2005”. (c) Effective Date.—The amendments made by this section, shall apply to property placed in service after December 31, 2001.