Under both former President Bush and new President Obama, the U.S. government has vowed to reduce reliance on imported oil. The nation is encouraging development of a transportation fleet that uses biofuels, fuel cell vehicles and hybrid electric technologies.
Us Government Program To Reduce Reliance On Imported Oil
To that end, the federal government, in late 2008, put in place new incentives – and extended others – designed to create a strong up-tick in sales of unconventional vehicles. As a result, the U.S. Energy Information Administration anticipates that hybrid cars will grow from 2% of new light-duty vehicles sold in 2007 to 38% by 2030. (more…)
