There’s some good news for the buyer who’s been looking at green cars such as the Nissan Leaf or the Chevrolet Volt. It turns out that the President is wanting to aid in special finance for such electric and hybrid cars.

President Obama, in a speech delivered at the Daimler Trucks North America manufacturing plant in Charlotte, North Carolina, made note of his goal to raise the existing tax credits on vehicles. This will pertain to vehicles from $7,500 to $10,000 in an attempt to make these new cars appealing to the average consumer. If a car buyer decides towards the hybrids, natural gas, or electric cars, they could be looking at being qualified for the credit.

“To cities and towns all across the country, what we’re going to say is, if you make a commitment to buy more advanced vehicles for your community — whether they run on electricity or biofuels or natural gas — we’ll help you cut through the red tape and build fueling stations nearby,” the President said, “And we’ll offer tax breaks to families that buy these cars, companies that buy alternative-fuel trucks like the ones that are made right here at Mount Holly. So we’re going to give communities across the country more of an incentive to make the shift to more energy-efficient cars.”

The plan that he has set forth will be investing up to $1 billion dollars in the National Community Deployment Challenge. This is being done in order to help the local communities get the infrastructure it needs to support the alternative fuel cars.

No matter what kind of car you’re looking for from a hybrid to luxury to a rough-and-tumble truck, Approved Loan Store can help. Fill out our application here, and like us on Facebook to read more auto news and watch video testimonials from Approved Loan Store customers!