New Energy for America Plan Sets High Goals for U.S. Energy Usage

January 27, 2009

Photo of President Barack Obama standing at a podium.  He stands in front of a large United States flag, only the stripes of which are visible.  A large number of people are seated behind him.  CREDIT:

In President Barack Obama's inauguration speech on January 20, 2009, he stated the importance of expanding the country's use of renewable energy technologies, emphasizing the importance of "[harnessing] the sun and the winds and the soil to fuel our cars and run our factories." This was the first he first time that energy use, renewable resources, or climate change were referred to in an inaugural speech. This call was supported by the president's "New Energy for America Plan," which was posted on the new White House Web site after the inauguration.

The new plan call for expanding energy efficiency and renewable energy usage throughout the country and outlines several goals for reducing energy and fuel use in the United States over the coming years. Some of the key goals are:

  • Help create five million new jobs by strategically investing $150 billion over the next ten years to catalyze private efforts to build a clean energy future
  • Put 1 million plug-in hybrid cars on the road by 2015
  • Create a New $7,000 tax credit for purchasing advanced vehicles
  • Ensure 10% of our electricity comes from renewable sources by 2012, and 25% by 2025
  • Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80% by 2050
  • Weatherize one million homes annually

See the overview of the new plan on the White House Web site.