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Monday, June 24, 2013

Obama’s New financial plan – A major boon for Auto Dealers, Transporters

US president Obama’s new financial plan that revealed a few months ago includes plans to boost the automobile industry across the United States. It’s a major boon for the Auto Dealers, Transporters and manufacturers of alternatively-fueled automobiles.

The plan is a tax credit for manufacturers of vehicles that are commonly used, run on alternative fuels and that exceed the miles-per-gallon equivalent by at least 25%. It would go up to $10,000 to the manufacturer of the automobile instead of going to the automobile purchaser.

On the whole the budget provides $143-billion to the Energy Department to fund research and development which will bolster the manufacturing and advertising of vehicles even better than the previous ones.
A budget of $575-million will be provided for growth and demonstration of the next production of superior vehicles, which is an increase of 75% over the 2012 budget.

An additional tax credit would go to customers of medium and heavy duty commercial vehicles that run on alternative fuels weighing more than 14,000 pounds.

posted by All America Auto Transport @ 3:05 AM permanent link  

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