Responses to Obama's move, and looking at the potential of a $10,000 PHEV tax credit
There were good and bad receptions to President Obama's move earlier this week to push the EPA to rethink the California waiver decision (details here). GM released a very short statement that said they were "ready to engage the Obama administration and the Congress" on this topic (read the whole thing after the jump). The Progressive Auto X Prize praised Obama's opening the door to California setting its own standards greenhouse-gas emissions.
So, with that little chapter all wrapped up (ha!), we move on to what comes next. The Senate is thinking about doubling down on the number of plug-in hybrid credits. One thing we didn't mention is the possibility that the President's stimulus proposal will increase the current $7,500 PHEV tax credit to $10,000. Sounds like something GM would be "ready to engage" with, no?
[Source: U.S News & World Report, GM, Auto X Prize]
OFFICIAL STATEMENTS:
GM Statement in Response to President Obama's Announcement Regarding the California Waiver Submission
GM is working aggressively on the products and the advance technologies that match the nation's and consumers' priorities to save energy and reduce emissions. We're ready to engage the Obama administration and the Congress on policies that support meaningful and workable solutions and targets that benefit consumers from coast to coast. We look forward to contributing to a comprehensive policy discussion that takes into account the development pace of new technologies, alternative fuels and market and economic factors.
Reader Comments (Page 1 of 1)
Brn 4:17PM (1/30/2009)
Don't worry, we'll pay for it several times over in the interest on the loans to pay for this.
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Rich 6:37PM (1/30/2009)
I always wanted to pay more taxes anyway. Hah!
Matt 10:16PM (1/30/2009)
Luckily, we pay for their bailout, then their intransigence. Love Lutz.
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Mike!!ekiM 8:26AM (2/01/2009)
How much longer will we have a US auto industry anyway?
The Chinese have a 30% tariff on US auto imports, what's the US tariff? Why are the Chinese allowed to have a protectionist market, while they prepare to destroy the US market? In Game Theory, we'd raise our tariff to match theirs and then negotiate to have them lower tariffs.
Anyway, you can't ship every job off to a third world country. Especially China that continues to power industry with coal. Coal == the Planet Killer.
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frankbank 11:19PM (1/31/2009)
what intransigence? The only company with the insight and the cojones to lead the industry to define and execute an E-REV - an actual, practical and useful electric car. They do this in the worst of financial climates, and well before the world's best batteries can meet the cost, energy density and durability of a pure EV. They give support to new President when he says that he wants the federal government to lead air quality regulation, not follow. And you call it intransigence?
Matt - don't let facts get in the way of the hate.
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Nick 10:28AM (2/02/2009)
Make cars that meet Californian emissions and get it over with. The world will be a better place for it and it will cost manufacturers less than making different emissions for different states.
Electricnick.com
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