The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Obama Proposes Higher Tax Credits for Alternative-Fuel Vehicles - Hey Mr. President What About America's Home-Grown Silver Bullet First?


PHOTO (select to view enlarged photo)
Gasoline the root of all evil - Replace it with Freedom-Fuel first, then research away!


PHOTO

New Ethanol Film Rings the Bell for Energy Freedom - Movie Review +VIDEO
Yes Mr. President There IS a Silver Bullet Solution For "No More OPEC Gasoline Now"

Washington DC March 8, 2012; The AIADA newsletter reported that President Barack Obama proposed expanded tax credits and community research grants to make alternative-energy cars and trucks more attractive to buyers.

According to Automotive News, electric, natural gas, and hydrogen-powered vehicles would be covered by the plan, which Obama announced Wednesday in North Carolina. Obama called on Congress to make two changes in tax law to coax drivers into less-polluting vehicles. One would raise the tax credit to $10,000 from $7,500 for the purchase of a so-called advanced vehicle. The credit would be applied instantly at the dealership.

The administration's goal is to make electric vehicles as affordable and convenient as gasoline-powered vehicles by 2020. The second tax change would target buyers of electric and natural gas powered commercial trucks, including semi-tractor trailers. Those vehicles would qualify for a 50 percent tax credit for half the additional cost over a conventional truck, to help overcome the initial upfront cost.

The proposals came as Obama visited a Daimler Trucks North America plant, which has begun hiring hundreds of workers to meet demand for heavy-duty trucks, a sign of economic recovery.

President Obama Announces $1 Billion Fund to Promote Energy Efficient Vehicles

Today, President Obama made a trip to a manufacturing plant for Daimler Trucks North America in Mount Holly, North Carolina. He was in the Tar Heel state to discuss more ways his administration is taking an all-of-the-above approach to American energy.

He talked about how his administration is pursuing new domestic energy sources, expanding oil and gas production, and reducing our overall reliance on oil through development of renewable energy.

But at a place where workers are busy assembling trucks that run on natural gas, the President also announced a new $1 billion National Community Deployment Challenge to help boost the deployment of clean, advanced vehicles all over America:

To cities and towns all across the country, what we’re going to say is, if you make a commitment to buy more advanced vehicles for your community -- whether they run on electricity or biofuels or natural gas -- we’ll help you cut through the red tape and build fueling stations nearby. And we’ll offer tax breaks to families that buy these cars, companies that buy alternative fuel trucks like the ones that are made right here at Mount Holly. So we’re going to give communities across the country more of an incentive to make the shift to more energy-efficient cars. Have questions about President Obama's Blueprint for American-Made Energy? Learn more here.