Washington wants rebate on EVs
The federal government currently offers a $7,500 tax credit on the purchase of electric vehicles, but that can't be taken until buyers file their income taxes.
LaHood said he expects the change to be a part of any tax bill that is passed in the next year and a half.
He made the remarks during a tour of Nissan North America Inc.'s lithium-ion battery plant in Smyrna. The plant should be complete in late 2012 and will be able to produce 200,000 batteries a year for the all-electric Nissan Leaf.
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Egypt Plans Power Link to Saudis in $1.6 Billion Project
CAIRO - Egypt will connect its electricity network to Saudi Arabia, joining a system in the Middle East that has allowed neighbors to share power.
The link will cost about $1.6 billion, with Egypt paying about $600 million, Egypt’s Electricity Minister Mohamed Shaker said Monday at a conference in Cairo. Contracts to build the network will be signed in March or April, and construction is expected to take about two years, he said. In times of surplus, Egypt can export electricity and then import power during shortages.
"It will enable us to benefit from the difference in peak consumption,” Shaker…
