Obama Grants a Whopping $2.4 Billion Aid for Electric Cars

Mr. President on his tour of Southern California has announced a financial support of $2.4 billion for the electric cars. He laid emphasis on his environmental jobs agenda by visiting the electric cars testing facility situated in Pomona where he made the announcement. This competitive grant program was made with the intention to have electric cars for sale in more cities worldwide.

In his modest speech, made at the Edison International facility, he focused on his offer to create new jobs in field of green technologies. As the audiences cheered his plans, Obama also promised to put a million plug in electric cars on the road by the year 2015. He also laid emphasis on his proposal of up to $7,500 in tax credits for the citizens of America who buy electric cars.

The $2.4-billion grant will be utilized to ask companies to contend for federal fund required to boost the manufacturing of batteries and other parts used in electric cars. Obama also viewed the company’s proposed model for a ‘future garage’. The plug in electric car would be charged every night in the future garage with energy drawn from the solar panels on the ‘future garage’ roof. Mr. President also paid a visit to the battery-testing center and asked engineers about what help they require from the government to further advance the technologies and electric car plans. Well, all we can do is keep our fingers crossed and hope to have a million plug-in hybrid cars running on the roads of America by 2015.

Leave a Reply

-->