When President Barack Obama was a candidate he promised by 2015 that there would be 1 million plug-in vehicles on the road. In his 2011 State of the Union address he again said 1 million plug-in vehicles as well as proposing turn the $7,500 tax credit into a point-of-purchase rebate. This has not happened yet, but in his proposed budget, which was release this week, he called for the tax credit to be upped to $10,000. Come check out the all-electric Nissan LEAF at your 2012 Tacoma Nissan LEAF dealer. In addition to promoting EV vehicles the budget calls for cutting more subsidies for Big Oil companies. With the current Presidential race underway, of course some are calling this budget a “campaign document” and others are calling for the tax credit to be eliminated all together. With the four plug-in vehicles on the market right now: the Nissan LEAF, Chevrolet Volt, Mitsubishi i and Tesla Roadster, that leaves about 980,000 or so more vehicles to be sold.
Obama proposed raising plug-in vehicle tax credit
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