Editor/Reporter - CheersandGears.com
February 16, 2012
President Obama has a goal of getting a million plug-in vehicles on U.S. roads by 2015. Last year during his State of the Union address, Obama talked about changing the current $7,500 tax credit into a point-of-purchase rebate. That hasn’t happen at the moment, but in the President's proposed budget that was released this week, Obama is trying another way to reach his goal; raising the tax credit to $10,000.
To go along with this push, the budget calls for cutting more subsidies that Big Oil currently enjoys.
Opponents of the President disagree with this move, calling it a "campaign document" that would divide America. Others have pushed the PHEV credit to be removed.
Source: Washington Post