Tesla’s CEO Elon Musk Hopes Obama Will Help EV Production image

Tesla’s CEO, Elon Musk, expects President Obama to continue the US government’s policy to promote hybrid and electric vehicles.

“I think that we can expect at least that things will continue as they have,” Musk told reporters at an event in New York. “I wouldn’t expect it to get any worse for electric vehicles, hopefully it will get a little better.”

He added that Tesla will install fast-charging stations in the US on major routes by the end of 2012 and that he will back the effort to increase federal tax credits for EVs to as much as $10,000. Obama previously declared he plans to see on the US roads one million plug-in hybrids, extended-range electric cars and pure electric vehicles by 2015, a plan viewed with skepticism by many analysts due to EVs’ high prices and the poor charging infrastructure.

Tesla’s Model S, which costs from $49,900 to $69,900 after a $7,500 federal tax credit, recently won Motor Trend magazine’s 2013 “Car of the Year.” In 2013 the automaker will focus on designing the Model X, which is a crossover utility vehicle that will hit the market in 2014. Tesla also prepares to manufacture its third generation vehicles, a mass-market car at the price of $30,000.