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President Obama proposes 50% increase in spending on clean transportation, funded by $10/barrel tax on oil

Green Car Congress

President Obama has laid out a plan for building a “21st Century Clean Transportation System”, the investment for which would be funded by a new $10 per barrel fee on oil paid by oil companies, which would be gradually phased in over five years.

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Obama Proposes $10 Per Barrel Tax On Oil To Fund U.S. Transportation Needs

Green Car Reports

president Barack Obama will propose a tax of $10 per barrel on oil in the 2017 budget he will submit to Congress next week. According to the White House, its goal is to create "a clear incentive for private-sector innovation to reduce our reliance on oil, and at the same time invests in clean energy.

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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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Fuel provisions in the Tax Relief bill

Green Car Congress

US President Barack Obama on Friday signed H.R. 4853 , the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“Middle Class Tax Relief Act of 2010”). The bill extends the Volumetric Ethanol Excise Tax Credit (VEETC) through 2011 at the current rate of $0.45/gallon

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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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Concepts for an “Energy Security Trust” reach back to President Carter

Green Car Congress

In his State of the Union speech Tuesday night, President Obama proposed “ we use some of our oil and gas revenues to fund an Energy Security Trust that will drive new research and technology to shift our cars and trucks off oil for good. American innovation has given us the greatest industrial capacity on Earth.

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