With interest in cars such as the Chevrolet Volt waning, President Barack Obama went on the offensive Wednesday, announcing a new $1 billion fund to help 15 local communities encourage greater use of energy-saving technologies.
During a visit to the Daimler Freightliner plant in Mount Holly, N.C., Obama said the country has to find a way to reduce its dependence on oil.
“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,” the president said.
But Obama said he also wants to extend tax breaks on fuel efficient cars to company trucks, such as the ones Freightliner builds. (more…)