Kicking off what campaign advisors have dubbed "energy week," Barack Obama today called for an "end to the age of oil in our time." He backed up his trademark optimism with the most dramatic auto technology proposals of the 2008 campaign cycle. Obama said he hopes to see 1 million plug-in hybrid and electric vehicles on the road by 2015, a number far beyond the most optimistic forecasts. Obama's vision amounts to more than wide-eyed optimism—or generalized political pandering. Details from an eight-page energy fact-sheet the campaign circulated to the media:
- $4 billion in tax credits to American automakers to retool plants for the production of plug-in hybrid cars capable of 150 miles to the gallon.
- A $7,000 tax credit for consumers who buy early model plug-in vehicles.
- Half of all cars purchased by the federal government will be plug-in hybrids or all-electric by 2012.
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