Rahmbo Will Fight For Electric and Hybrid Cars
January 26, 2009 by admin · Leave a Comment
Obama’s White House chief of staff Rahm Emanuel is well known for his “take no prisoners” approach to politics and business—earning him the nickname “Rahmbo”. He is also a very strong supporter of hybrids, plug-in hybrids, and cars running on compressed natural gas.
He could emerge as the country’s most ardent, powerful and effective advocate for swift action regarding fuel-efficient gas-electric vehicles.
European Commission Proposes €5 Billion Green Cars Initiative
November 27, 2008 by admin · Leave a Comment
The European Commission presented a €200 billion (US$257 billion) Recovery Plan—equivalent to 1.5% of European GDP—to pull Europe’s economy out of its current crisis. One of the elements of the plan is a €5 billion (US$6.4 billion) “European green cars initiative”.
The plan will use a wide range of policies and instruments. The co-ordinated fiscal stimulus of around €200 billion comprises around €170 billion (1.2% of GDP) from Member States, and around €30 billion (0.3% of GDP) as EU level action within the EU budget and from the European Investment Bank (EIB). The stimulus will stay within the Stability and Growth Pact, while making use of the full flexibility offered by the Pact. Read more
President Elect Obama and the American Auto Industry
November 6, 2008 by admin · 2 Comments
These words were a common refrain during Obama’s campaigning:
“I’ll help our auto companies retool, so that the fuel-efficient cars of the future are built right here in America. And I’ll make it easier for the American people to afford these new cars.”
Can President Obama can deliver on these promises? Read more
