$10.4 million stimulus grant subsidizes “green” cars for Austin residents
Posted By Meghan Tisinger On October 3, 2011 @ 6:25 am In News | No Comments
By Mark Lisheron
While just a bit tardy to give the American economy of 2009 a jolt, a $10.4 million stimulus [1] grant is just now being put to work getting Austin residents into electric cars at a steal.
Pecan Street [2], an environmental nonprofit based on the University of Texas campus, is using the grant to set up a kind of energy use laboratory in the recently developed mixed-use neighborhood where the Mueller Municipal Airport used to be, according to a story posted today [3] by Texas Tribune.
Part of the experiment will be to study energy use by the Mueller residents lucky enough to get a $7,500 stimulus rebate on top of the $7,500 federal tax credit to buy one of the 100 electricity and gas hybrid Chevy Volts [4] the company made available for the project.
Of the 200 residents taking part in the study, 140 have expressed an interest in the cars which have a base price of about $41,000 before all of the taxpayer support.
Read More [5]
Article printed from Watchdog News: http://watchdog.org
URL to article: http://watchdog.org/11538/10-4-million-stimulus-grant-subsidizes-%e2%80%9cgreen%e2%80%9d-cars-for-austin-residents/
URLs in this post:
[1] stimulus: http://www.texaswatchdog.org/2011/09/white-house-sees-140000-jobs-in-texas-from-jobs-plan-federal-stimulus/1315603398.column
[2] Pecan Street: http://www.pecanstreet.org/about/mission-guiding-principles/
[3] a story posted today: http://www.texastribune.org/texas-energy/energy/texas-smart-grid-project-advances/
[4] Chevy Volts: http://www.chevrolet.com/volt-electric-car/features-specs/
[5] Read More : http://www.texaswatchdog.org/2011/09/10-million-federal-stimulus-grant-subsidizes-green-cars-for-austin/1317401719.column
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