Obama Pushes for Increased Electric Car Production & Sales in the U.S.
As part of his campaign, Obama pushed for an increase in electric car production and sales in the U.S. in order to meet the goal of having one million plug-in vehicles on U.S. roads by 2015—a number many industry analysts consider unreachable. By 2016, there were only 542,000 hybrid vehicles on American roads.
Free Car Insurance Comparison
Secured with SHA-256 Encryption
UPDATED: Jan 18, 2021
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance related. We update our site regularly, and all content is reviewed by car insurance experts.
As part of his campaign goal of having one million plug-in vehicles on U.S. roads by 2015—a number many industry analysts consider unreachable—President Obama and his administration are hard at work introducing legislation that encourages the U.S. production and sale of plug-in cars.
Last night in his State of the Union address, the president returned to themes of clean energy and oil independence, setting an even more audacious goal of having 80 percent of the nation’s power produced from “clean energy” sources by 2035.
He said he will ask Congress to end billions of dollars of tax breaks for the oil industry, which he called “yesterday’s energy,” and use those funds for higher investments in a variety of clean-energy programs, one of which includes the electric vehicle program.
Two initiatives the president plans to move forward with in this area are:
- A conversion of the present $7,500 income-tax credit for electric-car buyers to a direct purchase rebate, and
- An additional $2 billion in funds for infrastructure support that would enable communities to install recharging stations, both public and private
Purchase rebates are more effective than income-tax credits because everyone can qualify, regardless of income. Additionally, the savings are realized immediately upon purchase, rather than taking months to arrive following the filing of taxes the next year. This type of financial push might be just the encouragement many Americans need to make the switch from gas to electric vehicles.
Having recharging stations available en mass is one of the biggest challenges for electric car owners. Since most of these vehicles won’t hold a charge that takes them more than about 200 miles, this second initiative should help provide the support drivers need to stay on the road for longer periods of time.
According to the Detroit News, Vice President Joe Biden is expected to announce more details about the president’s plan to further plug-in initiatives today.