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Stimulus Package Good For The Envirionment
Well the stimulus bill is finally passed and it has a lot of green in it (aside from dollars). In my opinion, this is is a big step in the right direction.
First, there is 2 billion dollars to be invested in advanced battery development. This will advance plug-ins and hybrids. Also, each manufacturer can receive the "plug-in electric drive vehicle credit" for up to 200,000 vehicles. That should inspire the manufacturers to pump out at least 200,000 of those cars. The PHEV credit us capped at $7,500 per car and is only for vehicles under 14,000 lbs.
$4.5 billion dollars are earmarked to develop and deploy an upgraded smart grid which wlii help support plug-ins .
There is even a break for the private consumer. Consumers who buy a new car in 2009 and who earn less than $125,000 individually or $250,000 jointly, can now deduct the sales tax from their tax-returns. Hopefully these things will send a green light to green car development.
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