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Obama announces tax breaks, grants for green cars

By Ben Geman - 03/07/12 01:00 PM ET

President Obama used a Wednesday stop in North Carolina, a state he narrowly won in 2008, to call for tax credits and grants aimed at expanding use of alternative-energy vehicles.

His remarks at a Daimler Trucks North America manufacturing plant were his third energy-focused address in as many weeks, reflecting an aggressive White House effort to rebut GOP political attacks over gasoline prices.

Obama proposed a $1 billion “National Community Deployment Challenge” to help 10-15 communities “invest in the necessary infrastructure, remove the regulatory barriers, and create the local incentives to support deployment of advanced vehicles at critical mass.”

For complete coverage on The Hill's E2 Wire blog, click here.

—This event has concluded. Obama spoke Wednesday, March 7 at 12:50 p.m.


Source:
http://thehill.com/video/administration/214695-watch-live-obama-announces-alternative-energy-vehicle-proposals-

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