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Obama Budget Boosts Funding For More Efficient Cars, Hikes Electric-Car Tax Credit

Green Car Reports

President Barack Obama has said he wants to boost the Department of Energy''s vehicle research budget 75 percent to help develop more efficient cars.

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President Obama Awards $2.3B for Tax Credits for New Clean-Tech Manufacturing Jobs; GE Gets Largest Battery-related Award

Green Car Congress

President Obama announced the award of $2.3 billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. It is designed for on-road service trucks to provide a quick charge to stranded battery electric vehicles similar to an “out-of-gas” situation.

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Conversion supporters petitioning Obama Administration to extend tax incentives to plug-in conversions

Green Car Congress

The Obama Administration provides an online platform for grassroots petitions urging action on a range of issues. However, he notes: The US Federal policy discourages aftermarket plug-in conversion in general with no tax incentives that are provided to new plug-in vehicles ($2,500-$7,500 tax credit).

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Obama FY 2012 budget proposes big boost for EVs and EV technology, cuts for hydrogen

Green Car Congress

In support of President Obama’s goal of having 1 million advanced technology vehicles on US roads by 2015, the President’s Budget submitted today proposes a new effort to support electric vehicle manufacturing and adoption in the United States through new consumer. that invest in electric vehicle infrastructure.

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Obama blueprint for a US economy “built to last” includes “all-of-the-above” energy strategy; call for 80% of US electricity from clean sources by 2035

Green Car Congress

President Obama used his last State-of-the-Union (SOTU) address of his term to outline four main elements of a blueprint for an “ economy that’s built to last: an economy built on American manufacturing, American energy, skills for American workers, and a renewal of American values. ”. —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. Tax credits. National Community Deployment Challenge. EV Everywhere.

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Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

Green Car Congress

It also finds that, while relying on subsidies for electric or hybrid vehicles is politically attractive, it is an extremely expensive and ineffective way to significantly reduce greenhouse gas emissions in the near term. Purchase tax credits are an expensive way to reduce oil consumption and GHG emissions from transportation.