U.S. could increase EV support after Obama's win

In his second term, President Barack Obama will probably continue his agenda of supporting EVs. In addition, new tailpipe emissions and auto safety rules will be implemented.

As a reminder, Obama set an objective of having more than one million electric cars on the roads by 2015 while in February he proposed to increase the tax credit for EVs from $7,500 to $10,000.

His administration will probably continue lending under the Advanced Technology Vehicles Manufacturing (ATVM) loan program which represents a massive $25 billion fund for creating cleaner vehicles and related technology for achieving this.

During the campaign season Obama’s administration slowed down EV promotion because of Republican criticism, but government incentives for electric vehicle manufacturers and suppliers are likely to carry on. In addition, some of the stalled rules will make their way back on EPA’s and NHTSA’s agendas.

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Tags advanced technology vehicles manufacturing, atvm, barack obama, barack obama administration, barack obama electric vehicles, barack obama ev, epa, nhtsa, obama administration, obama electric vehicles, obama ev