U.S. awards $600 million in car battery grants from Department of Energy
Reuters, Washington D.C. - Companies working with Ford Motor Co, Chrysler Group and General Motors Corp received more than $600 million on Wednesday to further development of batteries for hybrids and electric cars.
The awards were part of $2.4 billion in grants being announced by the Obama administration as part of its “green” economy vision and efforts to enhance U.S. energy independence.
The grants represent the nation’s largest-ever investment in battery technology for clean-energy cars, Obama said while visiting a plant in Wakarusa, Indiana, owned by Navistar International Corp.
The funding will “develop the next generation of fuel-efficient cars and trucks, powered by the next generation of battery technologies — all made right here in America,” said Obama, adding that he wants the United States to become a world leader in clean-energy vehicles.
Almost all battery manufacturing for advanced technology vehicles is currently based in Asia.
Click Here to Continue Reading
Popularity: 1%
Tags: Electric Vehicles, Hybrid-Electric, U.S. Department of Energy
