Instant $7,500 rebate for electric vehicles proposed

Article by Christian A., on February 9, 2011

The Obama administration will reform the plug-in electric vehicles tax credit program so that the $7,500 credit could be given to buyers at the point of purchase. David Sandalow, the Department of Energy’s assistant secretary for policy and international affairs, said that changes will be made in order that the current credit can be claimed by dealers or others.

He said that the consumers will be made to benefit from the credit, saying that this incentive will be more effective this way than if it is applied against income tax returns (which may mean waiting up to a year).

Sandalow said that the rebate will be applied to the sticker price at the dealership; however, regulatory details still have to be worked out. He declined to say when the changes will take effect. This

announcement was made only a day after U.S. Sen. Debbie Stabenow, D-Mich., reintroduced a bill to make the credit available to buyers at the point of purchase.

The Charging America Forward Act was introduced last August, but it was never passed into law. This revision is in line with President Barack Obama’s goal to see 1 million electric vehicles on the road by 2015. [via autonews - sub. required]

Topics: electric car

If you liked the article, share on:

Pin It

Comments

Recommended

Lamborghini has officially offered clear proof that the Huracán Performante was able to set a new record at the Nürburgring Nordschleife with a time of 6:52.01 It was in early...
by - March 25, 2017
Top Gear has revealed that for its “Stars in a Reasonably Fast Car” segment, it will now be using a slightly enhanced Toyota GT86, which in the U.S. market is...
by - March 24, 2017
Porsche is laying aside any plans of pushing another hybrid hypercar into their line-up -- at least not at this time. Oliver Blume, Porsche Global Chief confirmed in a recent...
by - March 24, 2017
Since 1993, Lexus has produced 4 generations of the Lexus GS, with the GS F amongst its newest member of the family. Unfortunately, rumors are also heating up that the...
by - March 24, 2017
In a leaked image following a presentation held in China, we learned that Czech automobile manufacturer Skoda will soon unveil 2 more new SUVs in China, resulting in a four-model...
by - March 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries