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Joe Biden Jump-Starts Plan to Put 1 Million EVs on the Road

The US Vice President, Joe Biden, has begun the Obama administration’s efforts to get 1 million plug-in electric cars on the road by 2015. Under the new plans, the $7,500 federal tax deduction for green vehicles would be turned into a rebate that consumers could receive at dealerships when they buy electric vehicles.

According to a recent Detroit News article, the president is also suggesting he wants to boost the available funds almost 90 percent to nearly $590 million. This could include the $200 million needed to develop the necessary infrastructure for widespread use of EV in as many as 30 cities across the nation.

"We can out-work, we can out-hustle, we out-think anyone on the planet. It's just a fact. You can never go wrong betting on the American people. It's time to get back up and apply all of our innovation," Biden reportedly said while touring the facilities of a New York-based battery producer.

At present, car buyers interested in EVs must wait several moths to claim the credit as a deduction on the income taxes, and not all qualify in the end. Dealers have long been calling for the tax credit to be turned into a rebate that is available immediately upon purchase.

The new budget could also offer a 30 percent increase in support for research and development, as well as a new Energy Innovation Hub that is devoted to improving batteries and energy storage for vehicles.

"We have to create whole new industries for the 21st century. We decided: Why should (electric vehicles) be made anywhere else but in America?" The US Vice President also stated.
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About the author: Mihnea Radu
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Mihnea's favorite cars have already been built, the so-called modern classics from the '80s and '90s. He also loves local car culture from all over the world, so don't be surprised to see him getting excited about weird Japanese imports, low-rider VWs out of Germany, replicas from Russia or LS swaps down in Florida.
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