President Barack Obama drives a 2011 Chevrolet Volt off the line with Plant Manager Teri Quigley, GM Detroit-Hamtramck Assembly Plant, Michigan, 30.07.2010
In his second term, President Barack Obama will probably continue his agenda of supporting EVs. In addition, new tailpipe emissions and auto safety rules will be implemented.
As a reminder, Obama set an objective of having more than one million electric cars on the roads by 2015 while in February he proposed to increase the tax credit for EVs from $7,500 to $10,000.
His administration will probably continue lending under the Advanced Technology Vehicles Manufacturing (ATVM) loan program which represents a massive $25 billion fund for creating cleaner vehicles and related technology for achieving this.
During the campaign season Obama’s administration slowed down EV promotion because of Republican criticism, but government incentives for electric vehicle manufacturers and suppliers are likely to carry on. In addition, some of the stalled rules will make their way back on EPA’s and NHTSA’s agendas.
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