The President Wants $7,500 Tax Credit Changed to Rebate

Looking to further boost the electric vehicle market President Barack Obama wants to change the already decent $7,500 tax credit for new electric vehicle buyers to an instant rebate. That would certainly be a shot in the arm to the still fledgling electric vehicle market. It might even be enough to encourage the last few hold outs to cross over to the electric vehicle market and do the world a favor.

Chevrolet Volt

Electric Vehicles are the Future

Obama has made no secret of his belief electric vehicles are the future of driving and the future of automotive design. He wants Detroit cranking out electric vehicles the way they once turned out Chryslers and Cadillacs.

Right now if you buy an electric vehicle you are eligible for a $7,500 tax credit. That is not a bad deal if you are the kind of person who doesn

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