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WASHINGTON -(Dow Jones)- Move over, cash for clunkers. to offer tax credits for buying all-electric plug-in vehicles as part of a $128 billion program to get seven million such cars on the road by 2018. But, Dorgan said whether electricvehicles take off or flop will depend on consumers. By Judith Burns.
"Given that 60% of journeys by car are under 25 miles, theres no reason why someone using a car for commuting on a regular basis will not be able to charge up their car at home, take it to work and come home again well within the distance an electricvehicle should be able to travel," Hoon said.
It’s under the hoods of the 250 million vehicles we drive today. Using existing technology, we can convert many of them into plug-in hybrids and electricvehicles. Retrofitters can partner with energy service companies to finance those costs, backed by federal loan guarantees.
In Italy, data from the Italian Foreign Car Maker Association highlights that car registration for gas and diesel-powered vehicles fell by 97.5% last month, but battery electricvehicle sales decreased by only 58.1%. The post Can ElectricVehicles Speed Up As The Economy Slows Down? appeared first on EVOLVE.
The President is proposing to transform the existing $7,500 tax credit for electricvehicles into a rebate that will be available to all consumers immediately at the point of sale, similar to “Cash for Clunkers”. The Recovery Act is also supporting the deployment of infrastructure for advanced technology vehicles.
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