Obama, in a visit to California, was pushing once again for one million plug-in hybrids by 2015. To finance his ambition, he talked about the $2.4 billion in grants and tax breaks to make it happen.
The president noted the (up to) $7,500 in tax credits for those who buy plug-in cars.
There will be up to $1.5 billion in grants to US-based manufacturers to produce the battery and components for plug-in cars. There is also up to $500 million in grants to US-based manufacturers who produce 'other components' for electric vehicles including electric motors and other components.
And there will be $400 million available to demonstrate and evaluate plug-in hybrids and other electric infrastructure concepts -- like truck stop charging station, electric rail, and training for technicians to build and repair electric vehicles.
Obama was speaking in California after examining a plug-in hybrid Ford Escape at the Electric Vehicle Test Center.
Source: Obama promotes hybrid vehicles - 2008 Presidential Campaign Blog - Political Intelligence - Boston.com
Thursday, March 19, 2009
Obama Pushes Hybrids in California
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