Obama Budget Proposes $10,000 Rebate For Plug-in Electric Cars

The U.S. President Barack Obama intends to boost government subsidies for buyers of the plug-in electric cars from $7,500 to $10,000 per buyer. Under the proposal, the tax credit would apply to vehicles that operate primarily using an alternative to gasoline, as long as that technology is not currently widespread in the U.S. The amount […]