President Obama's 2013 budget proposal was recently presented to Congress, and it includes provisions concerning tax breaks for green vehicles. The Chicago Tribune reports that the plan would do away with the $7,500 tax credit for those who sell electric vehicles, but it would be replaced with a maximum $10,000 per vehicle advanced technology credit, and higher-priced models like the Tesla Model S would have a reduced credit limit. In total, the budget would allocate about $420 million to research and development of green car technologies, according to The Wall Street Journal.
"We're pleased that the president is committed to advanced technology vehicles like the Nissan Leaf," David Reuter, the vice president of corporate communications for Nissan, told the Tribune. "And we're glad that clean energy is a focal point of his budget. However, we need clarification of exactly what vehicles are included since program pas proposed changes from today. Tax credits have helped with the adoption of EVs and other advanced tech vehicles, but we cannot rely on them indefinitely, so this proposal is a positive outline for further discussion."
What this means for consumers is that automakers will have funding to develop new technology to reduce dependence on gasoline and make more eco-friendly vehicles.
AAA's Daily Fuel Gauge Report indicates that the average price of gas in the U.S. on Valentine's Day was $3.51 per gallon for regular unleaded. With high gas prices like this, many drivers may be looking to get into more fuel-efficient vehicles. They need look no further than New Jersey State Auto Auction to find plenty of used models with great fuel economy. Plus, all the cars are CARFAX certified, so drivers know they'll be getting behind the wheel of a reliable ride.