Yesterday, the Sentate Finance Committee, subcomittee on Energy, Natural Resources, and Infrastructure heard testimony from some of of the leading people of the electric car/ Chevy Volt movement. These included David Vieau of A123 systems and Martin Eberhard of Tesla Motors. All of the transcripts from the meeting can be read in their entirety here.
The main thrust of the testimony was to persuade the committee to continue to give grants and credits to automakers and battery makers to help them continue the inevitable drive towards electric vehicle adoption. Also on the agenda was to support continuing tax credits for consumers who choose to purchase these cars. David Vieau specifically mentioned the cost of $10,000 for the 40 mile Volt battery pack, the prototype of which can be currently installed into Prius’s.
Tax credits remain an important tool in promoting widespread consumer adoption of electric cars, considering their increased cost. They will also help allay certain fears people have about these cars, such as catching fire, EMF’s, etc. Whenever a new technology arises, fear is a common reaction of the population.
Remember, its always all about the money!
This entry was posted on Wednesday, May 2nd, 2007 at 1:14 pm and is filed under Financial, Latest News, Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
May 4th, 2007 (1:57 pm)Well, if anything, at least the manufacturers of the plug-ins and EVs are all asking for tax credits. It should help both industries.
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May 21st, 2007 (3:38 pm)The Peugeot 308 spec’s are out and this small (168 inch long) mid-sized 5 passenger soft dashboard interior car to go on sale outside the US in Sept 07 will have a 1.6 liter diesel hybrid option that tests out at 83 mpg (British gallon)/70 mpg US gallon with super low emissions. At perhaps $24,500 fully decked out will this be the incentive for GM to do the smart thing and mate a small diesel to the Volt plug in hybred system and give us what seems to make sense to those who want to be “green”, to save some money on fuel, and to have the car as a back-up power to home black-outs via the new grid feed technologyp7nqsc?
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