U.S. could increase EV support after Obama's win

 U.S. could increase EV support after Obamas win
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

New rules for emissions and safety as well.

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.

Additional details are provided in the following source link.

Source: autonews.com

Add comment

subscribe to comments
comment rules Add comment

Comments (12)

Nov 7, 2012 8:33 pm
1 0
No matter how noble the cause, if something isn't economically sustainable you have to call it what it is! In case you weren't aware, the Volt battery maker is bankrupt. One of Obama's many failed green energy plans. Just another Solyndra waiting to happen!
Nov 7, 2012 10:19 am
4 1
You do not understand what is sustainable and what is not. Just another partisan hack mad that his team is out of power.
Nov 8, 2012 12:54 am
1 2
As much as you'd like to make this a political issue, it is not! It's basic accounting. You can't (hypocritically) buy and spend your way out of debt! So, pardon me for refusing to look at the world threw the same rosey colored shades you wear, but a blind man can see that Washington's careless, and out of control, spending habits need to end!
Nov 8, 2012 8:28 am
1 1
Dude von Dudenstein
If it was for me, Obama would be president until the end of his life (yes, it sucks this is his last term). But then again, that conflicts with the rules of our American nation. If President Obama will support and fund the development of EVs and cleaner engine technology, our car industry will have something to be proud of and something innovative again.
Nov 7, 2012 9:04 am
1 5
I'd like to see a lot of money made available to develop next-generation electric car battery technologies such as dry-electrode lithium-ion packs and carbon-nanotube ultracapacitors. That way, we could start to really increase the range of electric cars to 500 km (310 miles) or more without needing a big battery pack--something that could finally make electric cars a real alternative to petroleum-fueled automobiles.
Nov 7, 2012 8:42 am
1 1
Hey if we can lead the way in EV tech that means we could have our competitive edge back. Asian brands dominate the hybrid market so maybe American EVs will level the playing field. Go Tesla!
Nov 7, 2012 8:12 am
1 1
Funny thing to see so many thumbs down for comments praising American competitiveness.
Nov 8, 2012 12:53 am
1 1
Yah it is funny, I guess the people giving out thumbs down are upset that their candidate lost again. A thumbs up should show that other readers agree, but thumbs down really should only be used for offensive comments not to force your views on someone else.
Nov 8, 2012 1:31 pm
0 1
Good. The rest of the world is ready to take advantage of any market the US cedes. Ideology is for idiots...and Republicans. But, I repeat myself.
Nov 7, 2012 7:31 am
1 3
And who's paying for this $10,000 tax credit? You and the rest of the nation's taxpayers...($10,000 times 1,000,000 EV's = $10,000,000,000 or ten billion dollars that has to originate from somewhere)
Nov 7, 2012 7:49 am
4 1
Money going to Americans is far better than money going to the Chinese. People can thumbs down my comment but stupid ideologues tend to hate reality anyway. So, care to calculate how much tax payer money goes to subsidize the oil industry and the military industrial complex to protect our so-called friends in the Middle East?
Nov 8, 2012 12:52 am
1 1