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Obama Proposes Tax Credit for Alternative Fuel Vehicles

Photographer: Gerry Broome/AP Photo

President Barack Obama speaks during a visit to the Daimler Trucks North America Mount Holly Truck Manufacturing Plant in Mount Holly, N.C., Wednesday, March 7, 2012. Close

President Barack Obama speaks during a visit to the Daimler Trucks North America Mount... Read More

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Photographer: Gerry Broome/AP Photo

President Barack Obama speaks during a visit to the Daimler Trucks North America Mount Holly Truck Manufacturing Plant in Mount Holly, N.C., Wednesday, March 7, 2012.

U.S. President Barack Obama speaks about his administration's energy agenda.

Obama, speaking in Mount Holly, North Carolina, proposed expanded tax credits and community research grants to make alternative-energy cars and trucks more attractive to buyers. (Source: Bloomberg)

00:00 Obama offers opening remarks. 02:44 Obama energy strategy, rise in oil prices 10:10 Fuel-efficiency standards; tax credits 16:34 Oil-industry tax credits; concluding remarks

Running time 20:04

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