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Obama wanted to increase federal subsidies for electric vehicles to almost $590 million, but Congress never gave the green light

U.S. President Barack Obama planned to increase federal subsidies for electric vehicles to almost $590 million, but Congress has not yet approved this hefty agenda.

The $590 million EV boost was presented in Obama's 2011 State of the Union address, where $200 million of that total would be put toward EV infrastructure development in up to 30 cities. The idea reflected bipartisan bills brought to light in 2010.

"With more research and incentives, we can break our dependence on oil with biofuels, and become the first country to have a million electric vehicles on the road by 2015," said Obama in the 2011 State of the Union address. "We've begun to reinvent our energy policy. We're not just handing out money. We're issuing a challenge."

Congress still hasn't approved the policy changes for EVs, according to White House Press Secretary Jay Carney.

"There are absolutely things that remain undone that need to be done that he will call on all of us to work together to get done in this address and beyond," said Carney.

Obama is expected to talk today about an "economy fueled by homegrown and alternative energy sources that will be designed and produced by American workers."

Funding and loans for alternative energy have been scrutinized lately. In October 2011, Mitt Romney, a candidate for the 2012 Republican Party presidential nomination, blasted the $1 billion in loans given to Tesla and Fisker Automotive. That wasn't the first time he criticized aid to the auto industry, though. In 2008, he disagreed with former U.S. President George W. Bush's decision to give bailouts to U.S. automakers.

In September 2011, Rep. Mike Kelly (R-PA), a Hyundai and Chevrolet dealer, suggested killing off the $7,500 tax credit for EVs entirely.


"The bottom line is, while our nation borrows 42 cents on every dollar, taxpayers are paying for an electric vehicle tax credit that has cost tens of millions of dollars, and that largely benefits upper-income Americans," said Kelly.

Obama, however, planned to convert the $7,500 federal tax credit for EVs into a rebate that would be given to customers upon purchasing an electric vehicle. He made this announcement in January 2011.

To make matters worse, EVs have been placed under the spotlight due to recent battery troubles associated with General Motors' Chevrolet Volt. The National Highway Traffic Safety Administration conducted a series of tests in May and November last year where three separate Volt batteries sparked or caught fire after side-impact tests.

Electric vehicles are not the only targets for alternative energy-related criticism. Back in September 2011, Silicon Valley-based solar panel company Solyndra went bankrupt after receiving a $535 million loan from the Obama administration in 2009. The move was set to stimulate economic growth through environmentally friendly jobs, but government employees warned back in 2009 that Solyndra would indeed go bankrupt in a matter of two years. The loan pushed through anyway in order to meet political deadlines.

Source: The Detroit News



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RE: Hydrogen??
By Nfarce on 1/24/2012 9:24:49 PM , Rating: 2
You forgot to mention "racist" there RC...don't forget that one.


RE: Hydrogen??
By YashBudini on 1/24/2012 9:36:21 PM , Rating: 2
Do you have any references or citations to back that up or are you also just part of the blowback I'm experiencing from yesterday's colonoscopy?

I never voted for Obama kNownFARCE.


RE: Hydrogen??
By Nfarce on 1/24/2012 9:43:19 PM , Rating: 2
Yash - anyone who says anything negative about Obama or says anything negative against his policies is labeled a racist by those who support him. That is reality. That is the truth. It's an everyday event in with media pundits and with Democrat politicians. Where I am, the gravity naturally goes down, not up, and the sun rises in the mornings facing east, not west. Not sure where you are, bud.


RE: Hydrogen??
By Reclaimer77 on 1/24/2012 9:48:43 PM , Rating: 2
quote:
I never voted for Obama kNownFARCE .


Don't you love the way he's made you a "known farce" already after like 3 posts of you pointing out facts, not even really engaging him directly in a hostile matter. But just making posts that don't agree with him = enemy.


RE: Hydrogen??
By YashBudini on 1/24/2012 10:20:13 PM , Rating: 2
quote:
Don't you love the way he's made you a "known farce" already after like 3 posts of you pointing out facts, not even really engaging him directly in a hostile matter. But just making posts that don't agree with him = enemy.

I did that after his self incriminating bigoted comment, same reason you befriended him.

And since you call everyone an idiot all I can remind you of is:
http://dictionary.reference.com/browse/hypocrite


RE: Hydrogen??
By YashBudini on 1/24/2012 9:49:44 PM , Rating: 2
I don't know if you're practicing willful blindness or premeditated ignorance. I never voted for Obama and never will. I don't participate in the 2 party dictatorship. So even if what you said was true of them I have no part in it.

Your quarter should arrive soon. Wait for it.


RE: Hydrogen??
By Reclaimer77 on 1/24/2012 10:15:55 PM , Rating: 1
Nobody said you voted for him. Who cares? Doesn't change the fact that you viciously attack anyone who points out anything negative about his presidency. Or even outright facts (like this discussion).

And if you don't participate in our political system, why don't you just shut the fuck up when those of us who DO express concern about how our country is being ran? If stupid assholes like you would get off your apathetic trip and get involved, maybe you would actually GET the government you bitch about not having. Food for thought.


RE: Hydrogen??
By YashBudini on 1/24/2012 10:27:09 PM , Rating: 2
quote:
Nobody said you voted for him.

He implied it, or doesn't your reading comprehension absorbed such info?

quote:
Doesn't change the fact that you viciously attack anyone who points out anything negative about his presidency.

I have referred to Bambam as Bush 3 here and elsewhere, what more is there to say? I have yet to say anything positive about the guy. You seem to think that when in reality it's your own fault you routinely build your logic on a foundation of Swiss cheese. I just enjoy aiming for the holes, there's so many of them.

quote:
And if you don't participate in our political system, why don't you just shut the fuck up

I can't tell if that's your lack of reading comprehension, your narrow mindedness, or both. I said I don't play the fool on the 2 party bandwagon, I never said I didn't participate. If your reading comprehension continues to devolve you could end up work on Faux. Food for thought.


RE: Hydrogen??
By Reclaimer77 on 1/24/2012 10:33:25 PM , Rating: 2
No. He didn't. He said Obama supporters pull the race card. In no way, shape, or form did he allude that you voted for him. NOTHING was implied.

Anyway I'm done with your stupid ass for tonight. Give mommy a kiss for me when she tucks you in.


RE: Hydrogen??
By YashBudini on 1/24/2012 10:44:50 PM , Rating: 2
And he said it while you were replying to me.

Was reading comprehension even offered while you were in school?


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