Obama Wants 1 Million Electric Cars On The Road By 2015 – Can It Be Done?
Obama came out strongly in favour of electric cars during his State of the Union yesterday, going so far as to say he wants to see 1 million EVs of the road by 2015, just 4 years from now. The US currently offers a federal tax incentive of $7,500 USD for each electric car purchase, similar offers are in place in most European countries and in both China and Japan.
“With more research and incentives, we can break our dependence on oil with biofuels and become the first country to have a million electric vehicles on the road by 2015.” – Barack Obama -
The drive to reduce dependence on foreign oil seems to be the primary motivation with C02 emission reduction as a secondary goal. Critics were quick to point to the source of most US electricity created by burning fossil fuels, whilst proponents of the measure explained that states like California already produce over 31% of their electric power from renewable resources, a trend that is climbing year on year across the United States.
The CEO of GM Daniel F. Akerson announced that he is aiming to produce 120,000 American made Chevy Volts in 2012, a huge expansion over the 10,000 Volts planned for this year. The ongoing switch to electric cars and renewable energy is viewed as a major opportunity by many American businesses with billions more being spent each year along with hundreds of thousands of new jobs being created.
What do you think? Can a million electric cars really be on the road by 2015?