Biden Pushes Congress to Boost Electric Car Tax Credits
January 27, 2011 5:03 PM
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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
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: Someone please tell him to shut up
1/28/2011 3:42:55 PM
They have to do something to make those car's affordable and cost effective for the public.
Make union management a non paid position and stop collecting dues from workers so the auto companies can cut how much they have to pay workers. If the unions are really serious about wanting to help their workers the first thing they would do is stop collecting dues and volunteer their time, doubt you will ever see that happen though. Funny how Toyota doesn't have unions and yet their workers here in the US make just as much money as the union workers in the other auto plants. There are tons of ways to cut costs and make cars more affordable, just nobody wants to do it.
When I was a kid in the early 70s my father was making $8,000 a year and he bought a $3,000 Plymouth that was just one step below a luxury Cadillac or Lincoln. He was a mechanic that worked on school buses and was maybe considered lower middle class at the time, if that. How many middle class workers now days make more than twice what a car of that class costs today? Why has the ratio of what the average worker makes versus what the average car costs changed so much since then? The average salary now I believe is in the $45k/year range, what cars are there in the $17k range today?(that is the same ratio of salary to car price as back then)
Do away with the subsidies and when the electric vehicles hit the sub $20k price range they will take off, until then let the rich play with them and waste their money, not ours.
"Paying an extra $500 for a computer in this environment -- same piece of hardware -- paying $500 more to get a logo on it? I think that's a more challenging proposition for the average person than it used to be." -- Steve Ballmer
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