Responses to Obama's move, and looking at the potential of a $10,000 PHEV tax credit
So, with that little chapter all wrapped up (ha!), we move on to what comes next. The Senate is thinking about doubling down on the number of plug-in hybrid credits. One thing we didn't mention is the possibility that the President's stimulus proposal will increase the current $7,500 PHEV tax credit to $10,000. Sounds like something GM would be "ready to engage" with, no?
[Source: U.S News & World Report, GM, Auto X Prize]
GM Statement in Response to President Obama's Announcement Regarding the California Waiver Submission
GM is working aggressively on the products and the advance technologies that match the nation's and consumers' priorities to save energy and reduce emissions. We're ready to engage the Obama administration and the Congress on policies that support meaningful and workable solutions and targets that benefit consumers from coast to coast. We look forward to contributing to a comprehensive policy discussion that takes into account the development pace of new technologies, alternative fuels and market and economic factors.
- Biggest automotive sales disappointments
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models