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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.
A University of Winnipeg graduate who received a three year B.A. with a combined major in Economics and Rhetoric, Writing & Communications. Currently attempting to be a freelance social media coordinator. My eventual goal is to be a clean tech policy analyst down the road while I sharpen my skills as a renewable energy writer. Currently working on a book on clean tech and how to relate it to a broader audience. You can follow me on Twitter @adamjohnstonwpg or at www.adammjohnston.wordpress.com