Obama to Propose Cash for Clunker-Type Tax Credit for Electric Vehicles

Bloomberg - February 7, 2011

An Ener­gy Depart­ment offi­cial said the Oba­ma admin­is­tra­tion will be propos­ing in its upcom­ing bud­get a $7,500 tax cred­it for elec­tric cars sold at deal­er­ships, sim­i­lar to the Cash for Clunk­ers pro­gram in 2009. This will be in addi­tion to elec­tric vehi­cle tax cred­its con­sumers can cur­rent­ly access when fil­ing tax returns.


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