Obama Proposes Higher Incentives for Alternative Fuel Car and Truck Buyers

The current U.S. administration is committed to reducing car and truck fuel consumption and emissions. It has already managed to make major manufacturers agree on its 54.5 mpg Corporate Average Fuel Economy (CAFE) 2025 target.

Yet President Barack Obama wants more American new car and truck buyers to opt for cleaner vehicles. Therefore, during his speech at the Daimler Trucks North America plant in North Carolina, he proposed increasing tax incentives for buyers of electric, natural gas and hydrogen-powered vehicles.

"We’ve got to continually develop new sources of energy", said Obama. "We’re not going to be able to just drill our way out", he added referring to the rising fuel prices which averaged US$3.76 on March 6, up from US$3.51 a year ago according to data provided by the American Automobile Association.

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