Michigan has the ability to compete in the alternative energy industries, but the lack of tax incentives and funding for research is holding companies back and high prices for hybrid cars are preventing green-minded consumers from buying…until this proposed legislation goes through.
According to excerpts from the story:
U.S. Sen. Debbie Stabenow said Thursday that federal funds and incentives pending in Congress will grow alternative energy jobs in Michigan and help consumers afford more fuel-efficient hybrid vehicles.
Stabenow, a Democrat who sits on the Senate Finance Committee, said the full chamber has approved her request for $2 billion to support energy efficiency programs by cities, counties and states. It would also increase federal funding for advanced battery research from $22 million to $250 million.
The budget legislation is now in the House, but the funding level for the U.S. Department of Energy has been secured, she said.
Read the complete story here.
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