Bigger Electric Car Subsidy Possible in 2013

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Bigger Electric Car Subsidy Possible in 2013
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Things might get a lot sweeter in 2013 for folks considering a “new technology car,” as they’re being called at the White House. President Obama’s 2012 fiscal year budget apparently includes a provision for increasing the federal tax credit from $7,500 to a more substantial $10,000. The subsidy hasn’t been passed yet, but if it… Continue Reading...

EPA To Approve E15 Gasoline With Higher Ethanol Content

EPA To Approve E15 Gasoline With Higher Ethanol Content
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The EPA will announce Friday that it has approved the use of E15 gasoline for vehicles made after the year 2000. The EPA previously approved the added ethanol content for vehicles made after 2007 – the new regulations would see the amount of vehicles able to use E15 grow exponentially, and directly benefit American corn… Continue Reading...

Toyota Cutting Domestic Production By 20% Starting In October

Toyota Cutting Domestic Production By 20% Starting In October
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Anticipating a drop in demand, Toyota will begin cutting domestic output starting in October. The sluggish demand is being blamed on the end of a subsidy given out by the Japanese government for purchasing an environmentally friendly vehicle. While Toyota currently makes about 14,000 vehicles per day, output will fall to under 12,000 vehicles, but… Continue Reading...