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Honda May Develop Plug-In as Obama Alters U.S. Policy (Update2) - Bloomberg.com

Tony Karrer Delicious EVdriven

General Motors Corp., Toyota Motor Corp. and startups Tesla Motors Inc. are rushing out cars that can be recharged at electrical outletsas the U.S. Tax Credits Instead, Obama backed tax credits of as much as $7,500 inthe stimulus package approved in February for buyers of plug-incars.

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Coming Soon – The Electric City

Revenge of the Electric Car

Around the same time, General Motors will introduce the Chevrolet Volt, a vehicle able to go 40 miles on electricity before its small gasoline engine kicks in. Price and tax incentives need to be worked out. This is the game-changer for our industry,” said Carlos Ghosn, Nissan’s president and chief executive.