Bush Administation Provides $30 Million for Plug-In Hybrid Research While Big Oil is Receiving $17 Billion in tax Breaks
Bush Administation Provides $30 Million for Plug-In Hybrid Research While Big Oil is Receiving $17 Billion in tax Breaks
The Bush Administration has shown its support for plug-in hybrids by promising a measly $30 million to get them on the road within eight years, a figure and a timeline some automakers and plug-in advocates say is too little and too long. Getting these cars on the road quickly, they say, should be a national priority with the funding to match.
The Department of Energy made a big deal of the hand-out, announcing it at a plug-in hybrid conference in Washington D.C., but c'mon -- $30 million? To be spread out among three companies over three years? What'd it do -- scrounge change from couch cushions in the Pentagon? EV advocates were quick to thank Uncle Sam for the money but said it's going to take a whole lot more than that to wean us from oil -- which, by the way, will collect $17 billion in tax breaks during the next decade.
Read the rest of the article at the link below:
Automotive | Big Oil | electric car | Hybrid | hybrid cars | Plug-In Hybrid | tax breaks | windfall profits tax
Submitted by 
Recent comments
3 min 21 sec ago
10 min ago
19 min 39 sec ago
20 min 28 sec ago
26 min 22 sec ago
26 min 30 sec ago
59 min 6 sec ago
1 hour 7 min ago
1 hour 16 min ago
1 hour 30 min ago