State of the Union
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It's long been known that purchase rebates--buy a car, get a check--are a more effective incentive for purchase of any kind of car than an income-tax credit, which may take a year or more to affect the buyer's cash position. But the current tax credits for purchase of plug-in cars, up to $7,500 for battery packs of 16 kilowatt-hours or more, was enacted because it was simpler. It used a mechanism already in place to provide tax credits to purchasers of hybrid-electric cars, which had been scheduled to expire at the end of 2010. Yesterday, Michigan Senator Debbie Stabenow introduced a bill...
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Obama Sticks With 1 Million Plug-Ins by 2015, Cuts Oil Sweetheart DealsHis party may be under increasing pressure from the Tea Party movement as it fights conservative attempts to stifle everything from healthcare reform to government spending, but President Obama is still keen to push the electric car revolution. Speaking at last night’s State of the Union...
Nikki Gordon-Bloomfield -
Obama Doubles Down on Plug-In Cars, More Policy Tweaks Coming
Last night, in his State of the Union address, President Barack Obama reiterated his support for expanding U.S. production and sales of plug-in cars that run on grid power. Today, according to the Detroit News, a slew of policy changes will be unveiled by Vice President Joe Biden to advance that...
John Voelcker
