Obama Announces New Electric Car Rebate--$7500...courtesy you and me.Submitted by fireant on Wed, 02/09/2011 - 15:21
"The electric-car industry would get a boost through improved incentives for car buyers and help for cities in providing vehicle-charging infrastructure - if Congress agrees to Obama administration proposals touted yesterday.
The buyer incentive would change to a $7,500 rebate at the point of sale under the proposal, replacing a tax credit of the same amount, Department of Energy officials told reporters yesterday.
The instant rebate would mean less paperwork and quicker savings for customers at a time when the number of electric-car options is about to increase dramatically.
President Barack Obama has said he wants to see 1million plug-in electric vehicles on the road by 2015, a goal that some industry experts have said is unrealistic."