Obama to Address America's Energy Plans, Congress Still Hasn't Approved 2011's Energy Agenda
January 24, 2012 12:43 PM
comment(s) - last by
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
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.
The Detroit News
This article is over a month old, voting and posting comments is disabled
tax credit -> rebate
1/25/2012 9:44:23 AM
"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"
Well, this at least would allow people that would not have that much to rebate (lower income people) to also get the discount. So this would be a good thing. Hope they get this approved.
"Intel is investing heavily (think gazillions of dollars and bazillions of engineering man hours) in resources to create an Intel host controllers spec in order to speed time to market of the USB 3.0 technology." -- Intel blogger Nick Knupffer
Some Chevrolet Dealerships Passing on Volt EVs After Fire Concerns, Dwindling Customer Interest
January 23, 2012, 5:07 PM
California Moves to Put 1.4M Zero Emissions Vehicles on Roads by 2025
December 15, 2011, 1:47 PM
Romney Blasts EV Loans, Auto Bailout; Gets Big Money From Bailout Banks
October 26, 2011, 12:08 PM
$500 Million Wasted on Bankrupt Solar Panel Company; White House was Warned
September 14, 2011, 4:22 PM
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
Audi is Latest to Step Into the Hydrogen Game, Delivers A7 Sportback h-tron quattro
November 19, 2014, 1:41 PM
Most Popular Articles
Outbreak of Deadly Superbug at Californian Hospital Kills 2
February 20, 2015, 2:11 AM
Modern Glass (Windows 7 Aero Glass + Modern UI) Style is Coming to Windows 10
February 19, 2015, 1:05 PM
EDITORIAL: Board Wants to Anoint America World Police w/ Global Warrant Power
February 20, 2015, 9:10 AM
Quick Note: Microsoft Gives Dropbox Users Extra 100 GB of Free OneDrive Storage
February 20, 2015, 9:48 AM
DARPA Awards Boeing Contract to Test Jet Based Satellite Launches
February 19, 2015, 11:30 AM
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