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
This is disgusting
1/30/2011 11:29:17 PM
It is a good thing that breathing is an involuntary bodily function or most of you F'ing morons would die of asphyxiation within minutes.
Reading posts on this site is disturbingly like reading them on Yahoo. It would seem that a site dedicated to technology would attract people with enough IQ to at least fog a mirror, but Jesus F'ing Christ....you people are scary!
Do you morons wet yourself constantly?
"Electric cars didn't work 100 years ago so they won't work now". Wow, really? Really? REALLY??? I guess jet planes didn't work 100 years ago so they don't exist either. You flying on a winged unicorn there buddy?
You're the same group of FuckWits that thought cellphones would never make it back in 1993. "They're too expensive and only work in a few places". Did you ever stop to think the technology might get better and cheaper? That it might spread as it did so?
Fuel cells are more practical than electric cars??? ROFLMFAO!!! Do you know how many tens of billions of dollars Bush pumped into fuel cells because his oil buddies begged for the free handouts? H2 comes 95% from natural gas...do you know who owns natural gas in the US? The oil companies you idiots! Where are fuel cells today after all that money? They are jokes.
Do you have any idea how much money we spend on oil subsidies? 1% of the GDP of the entire planet earth! We're talking TRILLIONS of dollars every year. And you stupid bastards want to whine about a couple billion for EVs. I guess you LIKE bending over to take it up the A$$ from the arab oil countries? Yeah, that sounds like most of you idiots. And you let them throw sand, ARAB SAND, in the vaseline before they bend you over! ROFLMFAO!!!!
Quit drinking the sour milk from your mother's dried up breast. Time to ween yourselves.
"If a man really wants to make a million dollars, the best way would be to start his own religion." -- Scientology founder L. Ron. Hubbard
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
America's Largest Cable Company, Comcast, Sees Internet Subscriptions Pass TV
May 4, 2015, 2:46 PM
Chromebooks Expected to See Sales Grow 26 Percent to 7.3 Million Units This Year
May 22, 2015, 1:26 PM
The Pirate Bay Loses Its Iconic Swedish Dot SE Domains
May 20, 2015, 6:31 PM
Rockstar Games' Parent Sues BBC Over Unauthorized "Grand Theft Auto" Drama
May 21, 2015, 6:05 PM
No Matter What the AP Tells You, Google's Self-Driving Cars are Pretty Safe
May 12, 2015, 1:06 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