Obama Urges Tax Credits, $1B In Boosts For Clean Cars

Law360, Washington (March 7, 2012, 4:57 PM EST) -- President Obama announced a new $1 billion proposal on Wednesday designed to get cleaner vehicles on the road and establish model communities to test new clean-fuel technology, as well as a proposed expansion of the advanced vehicle tax credit.

The program, known as the National Community Deployment Challenge, would give up to 10 to 15 model communities the means to invest in the necessary infrastructure, remove regulatory barriers and create local incentives to support deployment of advanced vehicles, according to the White House.

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