Obama Looks to Hybrid and Electric Cars for the Future
Barack Obama’s State of the Union address saw him repeat his push for of seeing over 1 million plug-in hybrid and electric cars on the roads by 2015. Along with an increased reliance on biofuels he declared that the future could be won through scientific innovation.
How will we get there? He suggested an $8 billion investment in these advanced tech automobiles and battery pack research. Paying for this could be done by through subsidies currently paid out to oil companies.
The current investment in this research is $6 billion so Obama is calling for a $2 billion increase.
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