Replies to post #14155 on Evcarco, Inc.(fka EVCA)

[ORCA]

As the 13th aproaching I would not be surprised if it hits .10 again by then.Will see.

[TOUCAN]

Obama 2012 Budget Proposes Big Boost for EVs
... and EV technology, cuts for hydrogen

14 February 2011

In support of President Obama’s goal of having 1 million advanced technology vehicles on US roads by 2015, the President’s Budget submitted today proposes a new effort to support electric vehicle manufacturing and adoption in the United States through new consumer rebates, investments in R&D, and competitive programs to encourage communities that invest in electric vehicle infrastructure.

Specifically, the Budget proposes to: transform the existing $7,500 tax credit for electric vehicles into a rebate that will be available to all consumers immediately at the point of sale; advance innovative technologies through new R&D investments by investing $588 million for vehicle technologies at the US Department of Energy (DOE)—an increase of 88% above current funding levels—and reward communities that invest in electric vehicle infrastructure through a $200 million program, modeled after Race to the Top, which provides an incentive for communities to invest in electric vehicle infrastructure and remove regulatory barriers.

The proposed budget also reduces funding for the DOE Office of Energy Efficiency and Renewable Energy’s hydrogen technology program by nearly $70 million—more than 40%.

Overall, the Budget for the DOE proposes spending of $29.5 billion, a 12% increase over the 2010 enacted level. The increases are in areas such as certain clean energy programs, nuclear security, and research and development; significant cuts are proposed in fossil energy programs...

See the article at:

http://www.greencarcongress.com/2011/02/budget-20110214.html#more