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Article: Feds invest in electric vehicles, batteries: DOE to spend $2.4 billion on manufacturing capacity.(Journal)
- Article from:
- Commercial Carrier Journal
- Article date:
- September 1, 2009
CopyrightCOPYRIGHT 2009 Randall Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The U.S. Department of Energy last month announced that it will provide $2.4 billion in grants for 48 projects to expand the manufacturing capacity for advanced batteries and electric vehicle drive components and the deployment of electric vehicles. The funds, which are aimed at reducing greenhouse gas emissions and the dependence on oil, were included in the American Recovery and Reinvestment Act and were awarded through a competitive process.
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Obama administration officials announced the funding Aug. 5 at various venues across the United States. President Obama himself spoke at a Navistar facility in Elkhart, Ind. Navistar will ...