The Obama administration is well known for its support of plug-in vehicles, including EVs, so his reelection as president of the United States will make Tesla CEO, Elon Musk, sleep much more soundly for the duration of his term in office.

Musk added that he would fully support the raising of the federal tax credit for EVs, from the current $7,500 to as much as $10,000 per each green vehicle bought. Also, considering the fact that Tesla received $465-million in loans from the DOE, while under the Obama administration, they will probably receive more, if needed, despite the topic being a very delicate one, at the moment.

On an unrelated topic, but equally newsworthy, Musk announced that the first Supercharger fast charging system will be installed on the East Coast, in Washington DC, with Boston to follow shortly.

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By Andrei Nedelea