White House Proposes Boosting Tax Credits On Slow Selling EV and Alternative Fuel Vehicles

White House Proposes Boosting Tax Credits On Slow Selling EV and Alternative Fuel Vehicles
The White House is proposing to spend $1 billion to help up to 15 communities speed the deployment of advanced-technology vehicles. Another $3.7 billion would go to new tax credits for electric vehicles, commercial trucks and other advanced-technology vehicles.

But in a major policy shift, President Barack Obama wants to broaden a government tax credit that was created to support electric vehicles. He now wants to include other types of advanced vehicles, including those that run on fossil fuels such as compressed natural gas.

 


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vdivvdiv - 3/7/2012 4:31:57 PM
-3 Boost
Who's we? I want EVs. And would you cut it with the Volt hating? It's getting old. There are other EV makers out there.


vdivvdiv - 3/7/2012 5:11:30 PM
-3 Boost
First of all it is my tax money, not the taxpayers, second why should giant companies be allowed not only not to pay taxes, but also to get huge gov't subsidies, and third, why should the taxpayers get to deduct their home mortgage or student loan interest or business expenses from their taxes or get a gov't guaranteed absurdly low interest rates on them?

Because it is in the interest of society as determined by the clowns we elect.

Also the Volt is an BEV, I drive it as such every day to work and back.


LexSucksLexSucks - 3/8/2012 11:33:47 AM
-1 Boost
"second why should giant companies be allowed not only not to pay taxes,but also to get huge gov't subsidies"

- He's been brainwashed to where he doesn't have a problem with that. It's only the poor that he has a problem with. He's OK with "Corporate Welfare". You'll never hear anyone from the right complain about Billion Dollar Profit Corporations getting taxpayer money. They've been brainwashed by corporations to only complain about the poor, and not even think about "Corporate Welfare" (unless it's GM). They give oil Companies a pass. Why?


SteveSteve - 3/7/2012 4:28:38 PM
+6 Boost
Why not just demand that auto makers make the ultra-high mileage diesels that are available only in Europe also in America?


monstermonster - 3/7/2012 5:54:38 PM
-1 Boost
because we will still heavily depend on gas where as if we switch to EV, we are no more depending on Gas so much.

Care to explain why should the Gas companies still get billion of dollars in subsidies when they make huge profits every quarter.


LexSucksLexSucks - 3/7/2012 6:12:23 PM
-4 Boost
Nice job photoshopping the money into that pic of Obama. You guys will stoop to anything. Pathetic!!


LexSucksLexSucks - 3/8/2012 11:08:23 AM
-3 Boost
The DOW is at 13,000. The highest it’s been since 2007. So some sort of good money managing is happening while he is president. But yeah... I know... The upturn in the stock market doesn't have anything to do with Obama; its only when the stock market is down is when it has something to do with Obama. Right?

And oh yeah... So who would you replace Obama with? I’d love to hear it.


commander104commander104 - 3/7/2012 7:14:27 PM
+2 Boost
hmm, might apply to highly efficient internal combustion engines...hope that includes all diesels.


Larrybel2000Larrybel2000 - 3/7/2012 8:19:02 PM
+1 Boost
What ever happened to Natural Gas. EV will come in time but the time is not now.



DWONGSWONGDWONGSWONG - 3/8/2012 2:37:07 AM
+7 Boost
We should not give sbsidies or bailouts to any business. None to the oil companies, the alternative energy companies, the banks, the UAW (GM & Chrysler), and ethanol producers. They are businesses, and businesses should be allowed to survive or fail on their own. I here pundits from both sides say that we would have had a depression if we let the banks and car companies go under. I think we would have made it through both, but we will never know. As a country, we are broke, but we keep spending like there is no tomorrow. These subsidies are only preventing us from generating more revenue to reduce our debts. I believe this administration would only use the additional revenue to grow the government even more, if all the subsidies were to go away.


vdivvdiv - 3/8/2012 10:37:10 AM
0 Boost
Much easier said than done. When we have so many areas with high unemployment and poverty the state and local governments would do anything to attract business. When our businesses compete with foreign ones that are heavily subsidized by their governments we lose competitiveness. When the federal government has to defend this great country and the free world we get the military industrial complex. When we have religious organizations that do charitable work because no one else would. When technology pushes education requirements to an impossible to reach grasp. When we have health epidemics, various infectious diseases, obesity, chemical poisoning, and huge portion of the population retiring and aging and we get the health industrial complex.


vdivvdiv - 3/8/2012 11:08:48 AM
-2 Boost
The DoE has a loan program for developing new technologies. Many institutes and companies apply for them with various proposals to develop innovative and potentially ground-breaking technologies. Sometimes the DoE approves the loans when they meet certain criteria, and sometimes they don't. Sometimes even when the loans are approved they don't get paid back -- it is a risk. You probably think why should the gov't even do that? Because the banks do not have the funds, or the risk aversion, or the social responsibility to invest in these technologies.

If you're so upset with how the gov't runs, then you should run for office and change things. Arguing with me here will not accomplish that :p


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