Call it 'Cash for Conversions' or maybe 'Greenbacks for Green Cars,' former President Clinton calls for a conversion program for electric cars.
First there was the successful "Cash for Clunkers" program that gave an incentive for people to trade in their older, less fuel-efficient vehicles for new, more fuel-efficient vehicles. Then there is the proposed Home Star Energy Retrofit Act, or, "Cash for Caulkers," which incentivizes home energy efficiency improvements. Now, former President Bill Clinton the community at the social network, Digg, that a conversion program could help speed the transition to electric cars.
"Electric cars are coming back," said Clinton, in response to a question submitted by a Digg user about electric cars. Clinton said that we should accelerate our production and use of electric cars and move to electric cars as quickly as we can.
"If you look at the success of this Cash for Clunkers program," Clinton says, "I think if we had a conversion program like that to encourage people to go electric... we could move in a hurry."
Watch the video (The clip begins with the EV segment but there are several other questions and segments available in the video player below):