Barack Obama, Cars | featured news

Barack Obama will use a visit to a Chicago-area lab on Friday to call on Congress to set aside $2bn over the next decade to fund research into a next generation of electric cars. The White House said the Energy Security Trust, which Obama first proposed in his state of the union address, would use royalties from offshore oil and gas drilling in public waters and would not add to the deficit.

The goal of getting the US solidly back into the race to become the leader in the production of electric cars gets a boost today. President Obama is headed for Indiana this morning where he will announce $2.4 billion in funding for electric vehicle ...

President Barack Obama is asking consumers to put their money -- up to $1,300 per new vehicle by 2016 -- behind his plan for higher efficiency standards for cars and trucks and tougher rules on their greenhouse gas emissions.