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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 a comment to 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." 


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RE: Let's see here...
By Dorkyman on 1/28/2011 11:20:09 AM , Rating: 3
Okay, I think I get your point. All us "Republican puppies" are just afraid of change, right?

And as for not complaining about all the money lost in the machinery of finance, allow me to claim that capitalism, for all its faults, has one sterling virtue: it rewards efficiency and crushes inefficiency. Unlike government, if a business is not efficient (read: profitable) then it will dry up and fade away.

Meanwhile Buffoons #1 and #2 in Washington are just clueless. #1 is book-smart and clueless, #2 appears to be just clueless.


"Nowadays, security guys break the Mac every single day. Every single day, they come out with a total exploit, your machine can be taken over totally. I dare anybody to do that once a month on the Windows machine." -- Bill Gates














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