Obama budget rewards buyers of electric cars
In its effort to put 1 million electric cars on the road by 2015, the Obama administration’s proposed budget supports a plan to give $7,500 directly to electric car buyers rather than make them wait for a tax credit, CNNMoney.com reported. Under the “Charging America Forward” act, put forward by Sen. Debbie Stabenow of Michigan, businesses would also get tax credits of $15,000 to $100,000 for buying plug-in trucks or other electric commercial vehicles.
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