The New Stuff

The Electric Car Push of 2011

There is a new bandwagon to jump on for this year. It is the push to make electric cars trendy. Last month as a great piece of propoganda, President Obama was photographed in a GM Volt.

In fact, the Green President voiced his opinion back in 2008 by saying that he wants to see at least 1 million cars “plugged in” by 2015. There is a tax credit going, if you weren't aware. The stipulations are that the $7500 credit goes to the initial 200,000 electric cars that are sold from each separate automotive company. You must have filed taxes from the previous year and have enough tax liability.

President Obama addressed the topic of car electrification in the State of the Union speach at the beginning of the year. The said goal is to become less depenent on oil resources. This is no joke, because the government is willing to fund communities in developing the infrastructure needed to charge these batteries. A whopping 8 billion would be set aside in the budget.

“With more research and incentives, we can break our dependence on oil with biofuels, and become the first country to have a million electric vehicles on the road by 2015,” he said.

The Vice President supported him by saying that he wanted to have the tax credit readily available like in the “Cash-for-Clunkers” scheme. There are also Democratic congressmen trying to pass a legislation to increase the 200,000 cap per company to 500.000. Are you ready to switch on?


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