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Former President Clinton Suggests Cash For EVs

 
1,200 views Aug 13, 2009

President Bill Clinton

President Bill Clinton

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Though he's no longer in politics, former President Bill Clinton is still a busy guy. A week ago he was negotiating the release of reporters, Euna Lee and Laura Ling from North Korea. On Monday he stopped in Las Vegas at the National Clean Energy Summit.

The summit focused on ideas to promote clean power and energy efficiency in the U.S. and Clinton had a number of them. Though the Cash for Clunkers program has drawn the ire of many environmentalists, it has been largely successful in getting people to trade their old gas-guzzlers for newer, more efficient vehicles. Clinton suggested taking this a step further by introducing a Cash for EVs program, which would give Americans incentives to buy electric vehicles.

Of course Clinton is the former president, so he didn't have to offer specifics as to how the program would work, or more importantly, how it would be funded. He did note, however, that the Cash for Clunkers program “proves that Americans will bite if you make it economical enough.” Congress seems to agree with this assertion, to the tune of $3 billion.

What do you think? Would you buy an EV if there were an irresistible economic incentive to do so? Leave a comment below.

Source: earth2tech





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Comments (6)

  1. By Jason M. Hendler Posted: 8/13/2009 12:04pm PDT

    I guess he isn't aware of the $7,500 the government is offering for EV's and EREV's already?
     
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  2. By N Riley Posted: 8/13/2009 2:03pm PDT

    I thought that was the purpose of the tax rebate on electric vehicles that the Volt qualifies for. Am I missing something here or is Clinton just talking out of the top of his head like he did when it meant something to some people?
     
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  3. By N Riley Posted: 8/13/2009 2:07pm PDT

    I wish I had a clunker to trade in for my daughter a new car. Congress did several things wrong with this bill including allowing a vehicle with up to 18 MPG to be considered a clunker (should have been age of vehicle only) and should not have allowed any foreign owned auto companies to participate. Just look at the list of auto companies who are benefiting the most. Only one American auto company (Ford) in the top 5 or 6. Shameless waste of taxpayer money (borrowed money at that).
     
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  4. By  Robert Scardino Posted: 8/13/2009 4:09pm PDT

    Guys - I'm aware of tax credits available to people who buy EVs, but I don't know of a program that allows you to trade in your current car and get a cash rebate for it. I think that's what Clinton was talking about.
     
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  5. By Jose Posted: 8/14/2009 5:11am PDT

    If Obama wants to spearhead getting more EV's on the road then the rebate gotta be $10-15K instead of 7500. I would put money down on the Tesla S if that was the case & will have to wait til 2013. Volt price is way too high for the masses.
     
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  6. By Jose Posted: 8/14/2009 5:12am PDT

    One saying that rings true: Sell to the classes live with the masses, sell to the masses live with the classes.
    The car maker that sells a low cost EV to the masses will be the one to make money & sad to say it may not be GM.
     
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