GREY:AZDDQ - Post by User
Post by
deedayon Feb 07, 2011 10:42am
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Post# 18086406
Tax Credit
Tax CreditWASHINGTON - Senator Debbie Stabenow will introduce legislation today to spur the sale and production of advanced technology vehicles and create thousands of Michigan jobs. Sen. Stabenow's Charging America Forward Act will provide consumers with a rebate worth up to $7500 for plug-in electric vehicles at the time of purchase and give businesses a tax credit for purchasing medium or heavy duty plug-in hybrid trucks. The bill also extends a public-private partnership she helped create to increase the production of advanced battery technologies in America.
"Michigan is already a leader in emerging hi-tech battery and electric car production," said Senator Stabenow. "Other countries are acting to develop their own advanced vehicle markets because they realize the tremendous economic potential this new technology represents. These initiatives will allow Michigan innovators to continue to out-compete the world and create new jobs here."
[More statements from supporters of Senator Stabenow's legislation below]
Sen. Stabenow has long been a leader on efforts to expand America's advanced technology vehicle market. Last year, Sen. Stabenow authored a similar version of the Charging America Forward Act and sponsored the Advanced Technology Vehicle Act in the Senate, the companion of similar legislation introduced and passed in the House by Michigan Congressman Gary Peters. She was also instrumental in the creation of the $2 billion initiative to help private companies build new advanced batteries here in America.
In his State of the Union Address last week, President Obama announced he will support action to help automakers put 1 million new electric vehicles on the road by 2015. Vice President Biden has since announced the Administration's initiative will include many of the policies Sen. Stabenow has advocated.