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President’s 2013 Budget Would Increase EV Tax Credit to $10,000
March 6th, 2012
President Obama included a provision in his 2013 budget to increase the tax credit for certain plug-in vehicles from $7,500 to as much as $10,000. According to the proposal, vehicles would have to operate primarily on an alternative to petroleum. Bryan Hansel, the chairman and chief executive of Smith Electric Vehicles asserted, “This tax credit would likely take two years off the return of investment for vehicles such as ours, and that would dramatically help with the adoption rate.”
The new Chevy Volt uses 10 million lines of computer code – compared to just 8 million in the Boeing 787 Dreamliner! Read more…
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