Bigger tax credits for alternative-fuel vehicles? Now that’s what we’re talking about!

"If we are going to control our energy future, then . . . we've got to develop every source of American energy -- not just oil and gas, but wind power and solar power, nuclear power, biofuels,” President Barack Obama said earlier this month. “We need to invest in the technology that will help us use less oil in our cars and our trucks."

In a major policy announcement on March 7, Obama proposed bigger tax credits for advanced-technology vehicles whether they are powered by electricity, natural gas or other alternative fuels. He also announced a $1-billion initiative to help a dozen or so communities across the U.S. create infrastructure to support them.

Obama has embraced a goal of putting a million advanced fuel vehicles on American roads by 2015, and this initiative will help make that goal far more attainable. Under his proposal to Congress, the current tax credit of up to $7,500 for alternative-fuel vehicles would go up to $10,000, and be available at the time of purchase rather than make buyers wait until they filed their taxes.

These are the kind of policies advocated by the Built by Michigan coalition, and they could have a powerful effect on the growth of this industry, and the jobs it provides for Michigan workers.

To read more in the Detroit Free Press, click here.