Electric Vehicles
Obama Unveiled Ambitious Plan to Develop Electric Vehicles in USA

By Leo Reyes
Digital Journal
March 19, 2009

US President Barack Obama has unveiled a plan to put one million
electric and environment-friendly vehicles on US roads and highways
by 2015 in a bid to reduce American dependence on oil
US President Barack Obama unveiled Thursday an ambitious plan to
develop the country’s electric vehicle industry and to reduce the US
dependence on oil.

Obama plans to put at least one million electric-powered and
environment-friendly vehicles on the road by 2015. The plan will
create millions of jobs that are directly or indirectly connected
with the manufacture and servicing of these vehicles.

Inquirer.net reports:

‘We can let the jobs of tomorrow be created abroad or we can create
them here in America and lay the foundation for lasting prosperity’
Obama said

The $2.4 billion electric vehicle development plan will be used to
develop the next-generation plug-in vehicles and the infrastructure
for its commercial operations including the setting up of charging
stations on roads and highways throughout the USA.

Inquirer.net reports:

The plan would also give a $7,500 tax credit to people who buy
plug-in hybrid vehicles, Obama said, as he toured a plant in
southern California developing the new generation transport

‘The nation that leads on energy will be the nation that leads the
world in the 21st century. That’s why, around the world, nations are
racing to lead in these industries of the future, Obama said.

The report added:

The funds, dispersed by the Department of Energy, will offer up to
$1.5 billion to US manufacturers who produce highly efficient
batteries and $500 million for firms that produce other components
for the vehicles

The funds for the ambitious vehicle development project will come
from the $787 billion economic stimulus package recently approved by
the US congress.


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