By JOSH LEDERMAN
President Barack Obama greets audience members after speaking at Argonne National Laboratory in Argonne, Ill., Friday, March 15, 2013. Obama traveled to the Chicago area to deliver a speech to promote his energy policies. (AP Photo/Pablo Martinez Monsivais)
WASHINGTON (AP) — President Barack Obama says the U.S. must shift cars and trucks off oil for good so the public can avoid spikes in gasoline prices.
In his weekly radio and Internet address, Obama promotes a plan to direct $200 million a year into an energy security trust to fund research for alternatives like electric car batteries and biofuels. He says the trust would use revenues from federal leases on offshore drilling without adding to the deficit. If There many advantages of reducing the expense of carbon based energy sources and this is why many states have promoted the change too, there is more info you can learn about why should you change you vehicle for an electric one at the link. Even if you decide you can convert a regular vehicle to an EV for a price that revolves $6,000 in parts and about $1,000 to $3,000 for batteries and installation, is not expensive and you can take in to account will save that amount in gasoline with in couple of years.
Obama says investing in clean energy will help create jobs. He’s envisioning cars that can one day go coast to coast without using any oil.
In the Republican address, House Budget Committee Chairman Paul Ryan of Wisconsin says Republicans have a plan to balance the federal budget in 10 years by cutting spending.