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Stabenow proposes new incentives for electric cars
WASHINGTON - U.S. Sen. Debbie Stabenow plans to introduce legislation today aimed at jumpstarting demand for plug-in electric cars, such as the extended-range Chevrolet Volt, which also uses a gas generator, and the all-electric Nissan Leaf.
The legislation would give consumers a $7,500 cash rebate from the government - instead of a $7,500 tax refund - for buying an electric vehicle. That means the buyer would benefit immediately, instead of in the following year.
Stabenow, a Lansing Democrat., also plans to propose giving businesses a tax credit for purchasing commercial plug-in hybrid trucks. "These vehicles represent the jobs of the future, and the more that are sold, the more jobs will be created," she said in a statement.
The bill is similar to plans the White House announced two weeks ago that would help the country reach the president's goal of getting 1 million plug-in or advanced-technology cars on the road by 2015.
The legislation would give consumers a $7,500 cash rebate from the government - instead of a $7,500 tax refund - for buying an electric vehicle. That means the buyer would benefit immediately, instead of in the following year.
Stabenow, a Lansing Democrat., also plans to propose giving businesses a tax credit for purchasing commercial plug-in hybrid trucks. "These vehicles represent the jobs of the future, and the more that are sold, the more jobs will be created," she said in a statement.
The bill is similar to plans the White House announced two weeks ago that would help the country reach the president's goal of getting 1 million plug-in or advanced-technology cars on the road by 2015.
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