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Obama budget boosts funding, tax credit for electric cars

President Obama would like to boost the Department of Energy’s research budget to develop more efficient cars, as well as increase the maximum tax credit for electric car buyers. Will it help more drivers make the switch?

By Antony Ingram, Guest blogger / April 14, 2013

A 2012 Chevrolet Volt electric vehicle is parked at the solar-powered electric charging station at the General Motors assembly plant in Hamtramck, Michigan.President Obama’s proposed budget includes a boost in funding for the DOE to research more fuel efficient cars, and a boost to the tax credit for electric vehicles.

The website focuses on the auto industry’s future, the evolution of cars beyond fossil fuels, and the green movement’s relevance to car shoppers today. For more stories on green cars, click here.
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In his 2014 budget proposal to Congress on Wednesday, Obama proposes $575 million extra for research, and a further $2 billion trust fund to help research into getting off foreign oil in the next ten years…


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