Photo: tressugar.com
If elected, Mitt Romney had his own agenda and views on what should be done with the budget for ‘green developments’, and he would have not supported just EVs, opting instead to not concentrate on a single technology. Now that the aforementioned argument has become redundant, as Barack Obama has been reelected for a second term, it looks like things will stay the way they were for EVs and the controversial CAFE standards, which will force automakers to achieve an average efficiency rating of 54.5 mpg, by the year 2025
All the automakers were banking on Obama’s reelection as it maintains the promise of a $85-billion bailout fund for General Motors and Chrysler. The US president has not announced yet what will happen to the $500-million in GM stocks that the government currently owns. Also, regarding EVs, Roland Hwang, Director of the Transportation Program at the NRDC (Natural Resources Defense Council), has announced that he expects them to “pick up again in a second term and put everything back on track.”
Also, with the reelection, the CAFE standards will stay, but since the automakers have already gotten used to the idea of complying, the dropping of the standards would have caused more problems than it would have solved. So, things are still on track to achieve Obama’s goal of having 1-million electric cars on the road, by 2015. Also, the proposed plan to increase the federal tax credit for EVs, from $7,500 to $10,000 will most likely also go forth. Nothing is truly certain yet, and a reevaluation is in order, to get things moving in the right direction.
Story via autonews.com
Also, with the reelection, the CAFE standards will stay, but since the automakers have already gotten used to the idea of complying, the dropping of the standards would have caused more problems than it would have solved. So, things are still on track to achieve Obama’s goal of having 1-million electric cars on the road, by 2015. Also, the proposed plan to increase the federal tax credit for EVs, from $7,500 to $10,000 will most likely also go forth. Nothing is truly certain yet, and a reevaluation is in order, to get things moving in the right direction.
Story via autonews.com
Google News