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Obama sets goal of reducing US oil imports by 1/3 by 2025; domestic and Western Hemisphere production, natural gas, biofuels, electric vehicles, fleet purchases

Green Car Congress

Obama was delivering a speech on energy policy at Georgetown University. Meeting the goal of cutting US oil dependence depends largely on two things, Obama said: finding and producing more oil at home, and reducing dependence on oil with cleaner alternative fuels and greater efficiency. —President Obama.

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President Obama announces $1B National Community Deployment Challenge to spur deployment of alternative-fuel vehicles; new purchasing incentives; new EV Everywhere research grand challenge

Green Car Congress

US President Barack Obama announced a new $1-billion National Community Deployment Challenge to spur deployment of advanced alternative fuel vehicles in communities around the country. National Community Deployment Challenge.

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ASU research finds that Cash for Clunkers rebates were too high to prompt car upgrades

Green Car Congress

The study found that people would have been more likely to upgrade their cars if rebates had been less and if they had been offered as straight discounts—not trade-in refunds. Under the federal program, buyers could get a $3,500 or $4,500 rebate, depending on how much more efficient their new car was. Three professors in the W.

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Obama Outlines Next Steps for GM and Chrysler

Green Car Congress

In a statement livecast on the Internet by the White House, President Barack Obama said that neither of the restructuring plans submitted by GM and Chrysler “ goes far enough to warrant substantial new investment. ”. President Obama. President Obama. Earlier post.). The US government has no interest in running GM.

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Obama gives $2.4bn Jump Start To Battery Makers

Revenge of the Electric Car

President Obama is making good on his promise to spearhead the EV revolution. It’s all part of the Obama administration’s plan get to 1 million plug in hybrids on the road by 2015. Obama At A Town Hall Meeting in Los Angeles, California - March 19, 2009. billion grant program to aid electric cars. The new $2.4-billion

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US GSA to Accelerate Purchase of About 17,600 New Fuel-Efficient Vehicles Including 2,500 Hybrids

Green Car Congress

President Barack Obama announced that the US General Services Administration (GSA) will spend $285 million provided by the American Recovery and Reinvestment Act (ARRA) to buy about 17,600 new, fuel-efficient vehicles produced by US auto companies by 1 June. This includes the purchase of 2,500 hybrid sedans that will be ordered by 15 April.

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Tesla replays DOE loan nine years early

Green Car Congress

Following this payment, Tesla will be the only American car company to have fully repaid the government. Tesla brought its Roadster sports car to market with a 30% gross margin, designed electric powertrains for Daimler (Mercedes) and had done preliminary design of the Model S all before receiving a government loan.

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