White House Backs Electric-Car Aid

[FrenchieCat]

Administration Supports Spending $6 Billion More to Promote Plug-Ins; Gulf Oil Spill Cited at Hearing

The Obama administration on Tuesday backed a proposal to spend up to $6 billion more on subsidies for electric vehicles, amid renewed interest on Capitol Hill in measures to cut petroleum consumption in response to the Gulf of Mexico oil spill.

The proposals include more spending for research and development of car-battery technology, aid to utilities and homeowners to build recharging outlets, and consumer tax credits to offset the higher costs of battery-electric vehicles.




"The rest of the world is moving up quickly on this technology," David Sandalow, the Energy Department's assistant secretary for policy and international affairs, told a Senate hearing Tuesday. "The question before us is whether the United States will lead in this technology."

http://online.wsj.com/article/SB10001424052748704853404575323112558750360.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsForth

[zipplewrath]

1. Plug baby plug

Hooray. Now THAT'S what I'm talkin' 'bout.

[FrenchieCat]

3. 6 Billion is not a bad amount to start with!

Certainly!

[zipplewrath]

4. Good start

A bit like the 20 billion, I hope this is just a "down payment". Smart grids, and distributed power generation would be nice too.

[great white snark]

5. Abslutely agree about smart grids.

Needs more funds but is a start.

[jenmito]

2. K&R. Just one more way Obama is not like Bush. n/t

[vaberella]

6. This is like a row of good news so far. Thanks Mr. President. n/t

[FrenchieCat]

7. The news was out there since Tuesday.....just nobody bothered to locate it....

a lot of good things are happening under this administration,
but most are focused on the not so good news, just like the
opposition would prefer! :(

[vaberella]

8. Thanks Frenchie for the sobering realization. n/t

[impik]

9. Exactly. Just like the plan to end homelessness . You'd think that this is

a Democratic site...

[fishwax]

10. excellent

:applause:

[polichick]

11. Great move! k&r

[Dr Morbius]

12. Make it $6.05 billion, and use the extra $50 million to light a fire under the industry.

The sooner they get this up and running, the better.

[tekisui]

13. Good move!

[MgtPA]

14. Excellent!

At first, I read "White House Backs Electric Kool Aid"...need more sleep.

[Mimosa]

15. K&R

Who's seen "Who Killed the Electric Car"? It's a great documentary.

[Forkboy]

16. K&R