State of the Union Address Calls for Energy Security Trust

The proposal suggests the White House will redouble its support for electric vehicles and biofuels in effort to shift America away from reliance on petroleum.

Published: 13-Feb-2013

WASHINGTON -- President Obama on Tuesday called for the creation of an "Energy Security Trust" that would fund the development of new vehicles "to shift our cars and trucks off oil for good."

The proposal, outlined in his State of the Union address and coming at the start of Obama's second term, suggests the White House will redouble its support for electric vehicles and biofuels, which received significant government funding and tax credits during the president's first term.

Jobs in alternative energy and sales of plug-in hybrids and battery-electric vehicles have lagged behind the Obama administration's early hopes, though combined U.S. sales of EVs and plug-in hybrids tripled in 2012 to about 53,000.


Edinburgh City Council's Mitsubishi i-MiEV electric car.

The 12-month study is part of a planned renewable energy and low-carbon technologies centre.

President Obama announces on March 7, 2012 the EV Everywhere Challenge Daimler Truck factory in Mt. Holly, N.C.

Goal of program is make electric vehicles more affordable and convenient to own and drive than today’s gasoline-powered vehicles within the next 10 years.

EPA rates the Coda electric car at 88 miles per charge, currently the highest range available.

Dave Herron analyses the comparative costs of the current crop of plug-in cars.


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