President’s Budget Plan may Benefit Automakers

The Detroit Free Press - April 10, 2013

Embed­ded in Pres­i­dent Obama’s $3.7 tril­lion bud­get plan are changes that may bol­ster the auto indus­try in Detroit and else­where. The pro­pos­al gives tax cred­its for vehi­cles that run on alter­na­tive fuels that are not com­mon­ly used and exceed the miles-per-gal­lon of gaso­line equiv­a­lent by at least 25%. The cred­it would go up to $10,000, and would trans­fer to the per­son who sells or finances the care, rather than the pur­chas­er.

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