US VP Biden outlines 3-part plan to have 1M advanced technology vehicles on US roads by 2015
Green Car Congress
JANUARY 26, 2011
factory today, Vice President Biden outlined the Administration’s new plan for reaching that goal. The President is proposing to transform the existing $7,500 tax credit for electric vehicles into a rebate that will be available to all consumers immediately at the point of sale, similar to “Cash for Clunkers”. billion in spending for battery and electric drive component manufacturing, and for electric drive demonstration and infrastructure.