Published on November 18th, 2012 | by Adam Johnston


Musk: Obama’s Win Good For Electric Vehicle Industry

November 18th, 2012 by  

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.

Image Credit: Elon Musk via Phil Stafford/Shutterstock

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.

Check out our new 93-page EV report, based on over 2,000 surveys collected from EV drivers in 49 of 50 US states, 26 European countries, and 9 Canadian provinces.

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About the Author

is expected to complete the Professional Development Certificate in Renewable Energy from the University of Toronto by December 2017. Adam recently completed his Social Media Certificate from Algonquin College Continuing & Online Learning. Adam also graduated from the University of Winnipeg with a three-year B.A. combined major in Economics and Rhetoric, Writing & Communications in 2011. Adam owns a part-time tax preparation business. He also recently started up Salay Consulting and Social Media services, a part-time business which provides cleantech writing, analysis, and social media services. His eventual goal is to be a cleantech policy analyst. You can follow him on Twitter @adamjohnstonwpg or check out his business

  • Johnm

    It’s hard for Musk to say anything against his benefactor.

    • Well, we had 2 choices: someone ready to kill all support for cleantech, and someone trying to save our asses from ourselves. I think it was a rather obvious statement.

      • zachary – Exactly. Of course, you realize the nay-sayers will come out with the usual bromides of “stop government support of these ‘hippie’ businesses” and “government shouldn’t be picking winners and losers.”
        I guess it’s a good thing the government doesn’t subsidize other business, like oil or natural gas or big pharma or the textile industry or agri-business or overseas development or Amtrak or the interstate highway system or….

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