U.S. Senator Debbie Stabenow plans to introduce legislation today offering rebates on electric cars.
Stabenow’s proposal would allow purchasers to get the $7,500 as a rebate at the time of purchase — such as at a car dealership.
The Michigan legislator sees potential to generate sales in the alternative-fuel technology, which all U.S. automakers are pursuing as part of their effort to reduce the auto industry’s dependence on petroleum.
The incentive would be a rebate – not a tax refund – Stabenow is telling reporters at the Detroit Free Press.
Stabenow, D-Mich., also plans to propose giving businesses a tax credit for purchasing commercial plug-in hybrid trucks. “These vehicles represent the jobs of the future, and the more that are sold, the more jobs will be created,” she said in a statement.
In a phone conference Monday, she stated that other countries are on the heels of Michigan when it comes to advanced battery and electric vehicle technology. She says in order to “out-compete, we have to out-innovate.” One way she proposes to do this, is to give these tax breaks to potential vehicle purchasers.
Last month, the White House endorsed making the $7,500 tax credit for electric vehicles available at the time of purchase. “You won’t have to wait,” Vice President Joe Biden said at an a Indiana battery assembly plant, adding it would be like the cash-for-clunkers program.