Follow on Google News News By Tag * Palatine Financial * Plug-in Hybrid * Obama * Wealth Management * Finance Services * Www.palatinefinancial.com * More Tags... Industry News News By Location Country(s) Industry News
Follow on Google News | Obama Set To Appoint Task Force To Help Promote Automakers Plug-In Hybrid Car TechnologyThe automotive and electric utilities industries asked President Obama on Tuesday to have him set up a specialized task force to promote a stagnant plug-in hybrid assistance bill that could bring $11-billion into both industries.
By: Jason Mancini Major automakers like General Motors, Ford, Toyota, Honda and Volkswagen have all said they will commit to the presidents attempts and fulfill the market with a wide variety of plug-in ready cars. The fears; however, fall down on the consumers commitment to overcome the higher price tags associated with plug-in vehicles. Prices could rise $15,000 to $20,000, which is much more then the average consumer would like to pay and a cost the conventional vechicles do not come with. Environmental groups and the automakers insist that the savings long term would cover the added expenses at time of purchase, and the added bonus of reducing carbon emissions would be priceless in the long run. Federal credits of up to $7,500 coupled with gas prices staying stagnant also helps add incentive to consumers looking at electric and hybrid vehicles. A collection of four trade groups representing both U.S. and foreign automaker, electrical utilities, and electric vehicle firms asked the Obama administration for the task force to help coordinate local and federal programs targeted to inform and encourage consumers of plug-in hybrids and the benefits they have. About Palatine Financial: As a full service wealth management and financial services group, Palatine Financial is dedicated to providing individualized services that comprehensively meet all of our clients’ needs. We work based on the philosophy that customizable services are the only way to meet the individual needs of our clients, and achieve this by treating each client as if he were our only investor. For more information, please contact Jason Mancini at +39 06 9926 6524 or visit http://www.palatinefinancial.com # # # As a full service wealth management and financial services group, Palatine Financial is dedicated to providing individualized services that comprehensively meet all of our clients’ needs. End
Account Email Address Disclaimer Report Abuse
|
|