Published on November 18th, 2012 | by Adam Johnston4
Musk: Obama’s Win Good For Electric Vehicle Industry
Clean technology and renewable energy were some of the key winners of the recent US election in which president Barack Obama defeated Republican challenger Mitt Romney to claim the White House for four more years.
Count Tesla Motors Chief Elon Musk as one of clean tech’s movers and shakers who hopes the advancement of clean tech trends from the past four years continue.
Discussed in an Autoblog Green post, a Reuters article said Musk thinks Obama’s win will mean increased electric vehicle (EV) production.
As he hopes for further advancement of US EV production, one key way to boost market sales that Musk would throw his weight behind would be to boost the amount of the US federal electric vehicle tax credit:
Musk added that, unsurprisingly, he’d support raising the federal tax credits for EVs to as much as $10,000 per vehicle. That’s about a tenth of the pricetag of a top-of-the-line Tesla Model S sedan, which just won Motor Trend magazine’s 2013 Car of the Year Award. Obama previously suggested the $10,000 level, which would represent an increase of $2,500 to the maximum tax credit currently allowed.
With the recent awards won by Tesla, and as the public becomes more aware of the potential of EVs, don’t bet against this market. Musk certainly isn’t.