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May 6, 2011

Biden touts advanced technology vehicles in Ind.

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GREENFIELD, Ind. — Vice President Joe Biden is promoting the Obama administration’s plan to put 1 million advanced technology vehicles on the road by 2015 during a stop at an Indiana plant that assembles lithium-ion batteries.
The White House proposes changing a $7,500 tax incentive currently available for buying an electric car into a rebate that a consumer could receive at the point of sale. The administration also seeks to boost research and development into electric vehicles and create a competitive grant program offering up to $10 million apiece to 30 communities that help foster electric cars.

By Associated Press

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