Green Car Makers Looking to Obama

President Barack Obama’s support for the 2009 auto industry bailout turned out to be critical to his successful re-election bid.

And with Obama re-elected, at least one segment of the industry is breathing a bit easier, as manufacturers of so-called “green” cars count on continued support in the form of federal subsidies and tax credits.

But it remains to be seen how far Obama will go in supporting green cars in his second term. The industry has been struggling for sales in a marketplace that still overwhelmingly supports traditional internal-combustion vehicles, despite volatile gas prices and big federal tax incentives for electric cars.

Read the full article here.

You can leave a response, or trackback from your own site.