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President’s Budget Proposal Could Be Big Boon for Auto Industry

Administration wants $2 bil for advanced vehicle research funding.

by on Apr.11, 2013

President Obama is proposing efforts to promote America's energy independence, including tax credits for electric vehicles.

President Barack Obama is proposing a number of new efforts designed to improve the nation’s transportation system, with a mix of high-speed rails, cleaner fuels, tax credits for those buying alternatively powered vehicles – and as much as $2 billion in funding for advanced vehicle programs.

“We’ll continue our march toward energy independence,” Obama said in presenting his budget proposal to Congress. A key goal will be to eliminate the need for foreign oil imports over the next decade.

Part of that would involve increasing the Department of Energy’s vehicle research budget by 75% to $575 million, while also creating an energy trust fund the administration had previously outlined.

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The budget proposal renewed the White House push to expand credits for those buying electric vehicles and plug-ins. Such buyers now qualify for up to $7,500 in tax credits – for which they may have to wait months until next filing with the IRS. The administration would like to bump the number up to $10,000 for qualified vehicles and have the credits become available more immediately.


Consumers Open To Hybrids But Wary Of Costs

by on May.12, 2009

A new survey from Harris Interactive indicates that more than four in five U.S. adults believe the United States must become a leader in hybrid vehicles.

Conveniently enough, the survey, which was commissioned by Johnson Controls, the nation’s largest maker of lead-acid batteries, the survey also found that 84% said the government should support the advancement of battery technology in this country.

The study, however, also suggested that consumers have developed a relatively sophisticated appreciation of both the benefits and pitfalls of owning hybrid or battery-driven vehicles.

Johnson Controls commissioned the survey, “Powering the United States Hybrid Vehicle Industry,” to understand consumer sentiment regarding hybrid vehicles and to gain insight into the challenges and opportunities for broad market acceptance in the United States.    (more…)