Biden Pushes Congress to Boost Electric Car Tax Credits
January 27, 2011 5:03 PM
comment(s) - last by
Joe Biden was plugging upcoming EV initiatives on the road at an Indiana battery maker.
(Source: Darron Cummings Associated Press)
Biden hopes to add 300,000 more $7,500 credits
U.S. Vice President Joe Biden
, speaking to workers at a battery assembly plant in Greenfield, Indiana, plugged U.S. Sen. Carl Levin's (D-Michigan) plan to expand
tax credits for EV buyers
and make them immediate.
Under the new proposal the cap on the number of credits per electric vehicle manufacturer would be bumped from 200,000 to 500,000. Additionally, people would receive the credit as a direct discount, rather than having to wait to get the money back when they filed their yearly tax return.
The Vice President describes, "Just like the Cash for Clunkers program. You won't have to wait."
The measure is backed by the Alliance of Automobile Manufacturers -- an alliance between Detroit's Big Three, Toyota Motor Corp. and eight others. In
The Detroit News
, they state, "[The government] can play a critical role in developing the electric infrastructure, supporting R&D for advanced batteries and providing consumer incentives."
Along with those tax incentives to buyers, Vice President Biden was also promoting the Obama administration's budget, which will be submitted to Congress next week. That budget contains $8B USD for investing in advanced energy technology, including electric vehicles. Over the last couple years the Vice President has been a
big proponent of investment in battery systems
and electrified vehicles.
Of that, $590M USD will be applied directly to vehicle research. That includes $200M USD to help up to 30 communities expand their electric vehicle infrastructure, by adding support for chargers, etc.
Biden's visit follows
one by President Obama
to green small businesses in Wisconsin, plugging alternative energy research.
The Obama administration's budget will like meet with opposition at the Republican-controlled house, but the Vice President was optimistic, remarking, "We're going to reshape what Americans drive. In turn we're going to reshape America itself."
This article is over a month old, voting and posting comments is disabled
RE: just what we need
1/28/2011 9:06:31 AM
I could be wrong, but this seems like a waste. Those Electric vehicles for one are way too expensive for the masses, why is Biden even pushing? Most of us own gas powered vehicles, never going to own an electric vehicle, & in these bad economic times where alot of middle class families are struggling just to get by month after month, these cars are off the table. Find ways to get fuel prices down, I would rather they spend tax payer dollars on that,as that would give us all relief on fuel, utility & store/food prices.
RE: just what we need
1/28/2011 11:07:33 AM
Instead they are putting more restictions on domestic oil drilling, and want to eliminate the tax breaks that encorage new oil exploration.
Expect $4.00+ gas prices soon. Remember, gas prices where $2.00 when Obummer took office.
RE: just what we need
1/31/2011 12:07:16 AM
There you go genius. We have less than 5% of the worlds oil reserves, even when you include ANWAR and offshore drilling sites on the US coastline, and you think that is going to solve our problems? We use 20% of the worlds oil production. Is that higher math hard for you?
Yeah, let's give Exxon more money because the $456BILLION in revenue they had last year and the $45BILLION in profit...along with their ZERO $$ in taxes last year weren't enough. Give them some more money and everything will be so much better.
Were the $4 gas prices in 2008 Obama's fault too?
You have the intelligence of a baboon. You need to STFU and stop embarrassing your parents. What species were they anyway? Maybe a lemur and sloth? Which one was the lemur?
"This is about the Internet. Everything on the Internet is encrypted. This is not a BlackBerry-only issue. If they can't deal with the Internet, they should shut it off." -- RIM co-CEO Michael Lazaridis
Obama Pushes Wireless, Alternative Energy in State of the Union Address
January 26, 2011, 9:47 AM
EV Buyers May Get $10,000 Tax Credit Thanks to $10B USD EV Bill
May 28, 2010, 10:07 AM
VP Biden Accidentally Leaks Fisker's New Lineup
October 30, 2009, 7:45 AM
VP Joe Biden to Announce First Round of $2.4B Battery Grant in Michigan
August 5, 2009, 11:35 AM
Study Predicts Self-Driving Vehicles Could Rake in Billions
March 6, 2015, 8:34 AM
Dual-Motor Tesla Model S P85D's "Insane Mode" Shocks Passengers
January 28, 2015, 11:18 PM
2016 Cadillac CTS-V Packs 640 hp Punch with 200 mph Reach
January 23, 2015, 3:25 PM
BMW Testing Tech to Allow Users to Auto-Park, Summon Cars Via Smartwatch
December 16, 2014, 9:30 AM
Lamborghini Offers Up $6,000 Leather-Bound Android Smartphone
December 12, 2014, 3:12 PM
Quick Note: GM Teases Next Generation Chevrolet Volt
November 20, 2014, 3:26 PM
Most Popular Articles
HBO to VPN HBO Now Users: Prove You Live in U.S. or We Will Terminate You
April 21, 2015, 12:17 PM
Quick Note: Lady Macbath -- One Japanese Woman's Apple Themed Revenge
April 23, 2015, 11:47 AM
Even Hillary Clinton Was Addicted to Nintendo Gameboy
April 21, 2015, 10:30 PM
Colorado Man Cited for "Killing His Computer" With a Handgun
April 22, 2015, 1:06 PM
AMD CEO: Windows 10 Will Launch at "The End of July"
April 20, 2015, 7:24 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information