The Treasury will write off $8 billion in tax credits for the first million plug-ins. Then send out $4 billion in rebates for the next million plug-in purchases. And, it will pay $240 million to purchase 30,000 plug-ins.

2,030,000 plug-in purchases at a cost of $12.240 billion to tax payers over 2,3 or 4 years. Where are the votes for that outlay in a pay-go Congress?

There is another aspect to his proposal. It is called federal debt. Sorry to raise this mundane issue but these ideas are cheap until we have to find a way to pay for them.

Thanks for the comment, the plan IS paid for — I added a bullet to make that clear.

BTW, ending our addiction to oil will not be cheap or politically easy — if it were, we would have made much more progress already. Sandalow lays out a technically viable strategy — the job of a great leader is to make it become politically feasible. The book has many memos on the political difficulty of achieving all this.

I assume that it is in the Fantasy / Science Fiction section of the bookstore?

I do know the potential improvement of CAFE and RES standards that are currently be proposed in Congress.

http://www.energybill2007.us discusses ACEEE’s goal for new CAFE standards is to lower the United State’s oil dependency by 2.5 Billion barrels per day in 2030. It also goes into the ACEEE conclusion that an effective Renewable Energy Standard plan is predicted to save in annual energy efficiency by 40 Billion kWH of electricity by 2020.

If you are curious and want to learn more, check out http://www.energybill2007.us. And please leave a link if anyone has information about FREEdom. Thanks!