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Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 China unveiled a support package for the auto industry early this year, cutting purchase taxes for cars with small engine capacities and providing subsidies to rural purchasers. People’s Daily.
The new administration’s stimuluspackage allots $2B for advanced batteries, $300M for federal and states fleets to buy new clean fuel vehicles and $7,500 tax rebate for PHEV, with yet more money in the Auto-Industry Re-tooling fund. No on has a lock on this future; everything is up for grabs.
policy shifts to favor battery-powered autos. Tax Credits Instead, Obama backed tax credits of as much as $7,500 inthe stimuluspackage approved in February for buyers of plug-incars. Honda, the world’s largest engine maker, set a goal ofleading the industry in hydrogen fuel cell autos.
This bill is not only the most sweeping economic recovery package in our nation’s history, it’s also the greenest. Tax Incentives to Spur Energy Savings and Green Jobs. Consumers to Benefit from Tax Relief, More Green Jobs. Landmark Energy Savings at Home. Investing in Scientific Research (More than $15 Billion).
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