Can Obama’s Proposed $7,500 Rebate Accelerate Electric-Car Sales?

Would a rebate -- instead of a tax credit -- help automakers meet the goal of 1 million electric cars on the road by 2015?

In the State of the Union address in January, President Barack Obama set a goal of getting 1 million electric cars on the road by 2015. Now he’s proposed $7,500 rebates, instead of tax credits, to reach that goal. Will that be enough to make it doable?

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Can Obama’s Proposed $7,500 Rebate Accelerate Electric-Car Sales? originally appeared on DailyFinance on Tue, 08 Feb 2011 21:00:00.

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