Back in February, President Obama proposed changing the credit for plug-in vehicles over to a point-of-purchase rebate, a move that would likely speed up the $7,500 payment. Under the proposal, dealers would reduce the sticker price of eligible plug-in vehicles and apply for reimbursement from the government.

Well, according to U.S. Transportation Secretary Ray LaHood, Congress will consider the proposed plug-in point-of-purchase rebate as part of changes to U.S. tax and energy policy for 2012. LaHood, who was touring Nissan's Smyrna, TN facility on Tuesday, told those in attendance:
We're doing a lot of talking about it. When you give people that incentive to buy a battery-powered car, they'll do it. We know these incentives help.
Under current policy, consumers who buy qualifying vehicles like the Nissan Leaf or the Chevrolet Volt receive a $7,500 credit when they file their federal income tax returns. LaHood says that the Obama Administration firmly believes that allowing dealers to handle the incentive as an immediate rebate will entice consumers and, hopefully, convince them to buy plug-in vehicles.

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      • 4 Years Ago
      Steven R Valline
      • 4 Years Ago
      Wate a minnut....I thought 62% of Americans were willing to pay extra for cars that can achieve 60MPG and wanted the Gov'ment to Mandate it.....but the Gov'ment's own Car Czar is saying that people only buy these novelty cars becuase they have a cash incentive to do so????!!!!!!?????!!!!! I am not a smart man, but someone is lying.
        • 4 Years Ago
        @Steven R Valline
        Remember those whole Hummer write offs, i think money is a factor, with all those businesses writing off 100% of their hummer purchases. But yeah i would pay extra for a hybrid/electric vehicle. the problem is that for some reason you take a $15k car and make it a "hybrid" and all of a sudden it starts at $30k+ thats just straight making it into a novelty car because of how they price it.
      • 4 Years Ago
      Same old Obama Democrat crap: Force TAXPAYERS to subsidize the purchase of an overpriced car that few people would buy unless somebody else paid for part of the purchase. Just more insanity from Democrats and their propensity to seek higher and higher taxes to support income and wealth redistribution.
        • 4 Years Ago
        How about we force TAXPAYERS to subsidize big oil? Oh wait... Really, how do you think these subsidies stack up against the billions in big oil tax breaks / subsidies? Just more insanity from those who refuse to see the big picture... Wealth distribution?! Lets talk about speculation in the oil markets shall we? I do agree with you somewhat, but I rather would have my tax dollars be invested in new technology...
      • 4 Years Ago
      I'm sure the dealers will love to wait nearly a year for each $7500 credit to get paid by the government while still financing that cost that they would have otherwise received up front.
      • 4 Years Ago
      I have an idea, let's all bash Nissan for being innovative and taking the lead in alternative energy vehicles. Let's take out our frustrations over the ineptitude of our government and the Detroit 3 on one of the companies that is doing things right. Oh look, dancing with the Survivor Idols is on and Lindsay Lohan has a cameo dance with Donald Trump!!!! Eeek!
      • 4 Years Ago
      They gotta prop-up sales of the painfully slow selling Volt somehow. With our hard earned taxpayer dollars. Can't wait till 1/20/13
        • 4 Years Ago
        Why don't you write your rep and end the oil subsidies first before bitchingandmoaning here.
      • 4 Years Ago
      I was wrong!!!! I made a statement that the electric vehicle tax credit was a refundable tax credit and I was wrong. Those of you that corrected me was right and I was wrong and I apologize. I relied on the wrong source. The tax credit as written in IRC Sec 30 and Sec 30D can only be used to offset your tax liability. Let's hope that the law will change real soon so that we can get the $7,500 deducted from the price of the vehicle at the point of sale.
      Afi Keita James
      • 4 Years Ago
      Same old crock from nobama himself, he's a puppet of the elites just like bush was. VOTE RON PAUL 2012.
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