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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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 you can find a PS3 anywhere in North America that's been on shelves for more than five minutes, I'll give you 1,200 bucks for it." -- SCEA President Jack Tretton
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