Instant $7,500 rebate for electric vehicles proposed

Instant $7,500 rebate for electric vehicles proposed
The Obama administration will reform the plug-in electric vehicles tax credit program so that the $7,500 credit could be given to buyers at the point of purchase. David Sandalow, the Department of Energy’s assistant secretary for policy and international affairs, said that changes will be made in order that the current credit can be claimed by dealers or others. He said that the consumers will be made to benefit from the credit, saying that this incentive will be more effective this way than if it is applied against income tax returns (which may mean waiting up to a year).
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chewychewy - 2/9/2011 10:32:43 PM
+1 Boost
Sounds like a much better incentive strategy.


quizzquizz - 2/9/2011 10:53:01 PM
-1 Boost
interesting incentive. Isn't a 1.4L engine more carbon efficient than an electric engine that requires nearby powerplants to generate electricity from the burning of coal?

Hmmm, if 50% of the population driving 4 cylinder cars replaced it with an electric plug-in, what sort of stress would that put on coal burning power plants? The U.S. is mostly coal burning when it comes to electricity.

Has anybody done the research on this?


DinamoRDinamoR - 2/10/2011 1:20:52 PM
0 Boost
Yeah, they've done lots of research on this. Electric is much more efficient.


bfghemicudabfghemicuda - 2/10/2011 9:20:07 PM
0 Boost
DinamoR If you could explain who "they" are and how "they" have come to the conclusion that electric is more efficent and also if you could define "efficent". These so called electric cars do not create there own electricity and it has to be generated by other means such as Hydroelectric, coal, oil, neuclar etc. All of these affect the environment just to charge these vehicles, not to mention the manufacturing of components that require energy and the toxic nature of certain components.


SteveSteve - 2/9/2011 10:57:06 PM
+1 Boost
First it was SUVs. Then it was hybrids. Now EVs. Whatever the flavor of the day is, that's where the government rebates are.


monstermonster - 2/10/2011 8:19:54 AM
+4 Boost
I think the point is to decrease US dependence on foreign oil. Electricity can be made with coal, gas and nuclear power plants. And yes it is also time to upgrade the electric Grids in US.


uaw_laxuaw_lax - 2/10/2011 10:13:23 AM
+2 Boost
I 100% agree with what you are saying and i will just add to the fact that it will create more American jobs as well instead of sending money over seas. Also the shift from oil will lower the risk of accidents like the one we had in the gulf this year from BP.


BobWBobW - 2/10/2011 2:51:45 PM
+1 Boost
Again, the only way the "Green" industry can compete is via government hand-outs. I believe if governments would quit giving R&D money to the companies and rebates to the buyers there might be real innovation occuring in the those industries instead of stifling it with continued handouts that artificially prop them up. If in fact there's a market for electric cars people free from government interference will figure out a way to make competitive vehicles that will appeal to buyers.
Furthermore, in the short term there needs to be more oil originating from the vast reserves in the US to reduce the longstanding foreign oil dependence. For the long term the fed needs to ease regulations and other restrictions on new electric powerplants, particularly nuclear ones, to upgrade electric availability for the supposed electric-car revolution.
Okay, I'm off my soap box.
BW


HSCenterconsoleHSCenterconsole - 2/10/2011 3:21:59 PM
+1 Boost
The fact that a $7,500 government subsidy is needed to spur interest in electric cars shows how little consumer interest and little market there is for these vehicles.


bfghemicudabfghemicuda - 2/10/2011 10:47:30 PM
+1 Boost
Bingo!!


t_bonet_bone - 2/11/2011 9:30:40 AM
0 Boost
I'd rather them spend the money on high speed rail or NASA, but it beats handouts to "troubled" nations.


AgentOrangeAgentOrange - 2/11/2011 7:15:42 PM
+1 Boost
That $7500 comes from hard working taxpayers like you and me.
Why are our pockets being picked to subsidize some upper-middle income, enviornmentally friendly, tree huging douchebag?




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