Musk: Obama’s Win Good For Electric Vehicle Industry

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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.

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.

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Adam Johnston

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

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