CalCars announces a MAJOR victory!

Posted on Wednesday August 5, 02009

US Announces $2.4B Battery and Plug-In Manufacturing and Deployment Grants

CalCars' Founder Felix Kramer said, "We appreciate President Obama's announcement of the largest-ever federal funding of the electric battery industry. This $2.4 billion is for manufacturing and deployment--not for research. Batteries are good enough already; further improvements will be icing on the cake. This program will significantly accelerate the availability of components for the new plug-in vehicles coming in the next three years. It will put thousands of vehicles on our roads. It boosts the electrification of larger heavy-duty vehicles. And it begins to demonstrate the feasibility of converting existing vehicles to plug in."

The new awards cover the following areas:

  • $1.5 billion in grants to U.S. based manufacturers to produce batteries and their components and to expand battery recycling capacity;
  • $500 million in grants to U.S. based manufacturers to produce electric drive components for vehicles, including electric motors, power electronics, and other drive train components; and
  • $400 million in grants to purchase thousands of plug-in hybrid and all-electric vehicles for test demonstrations in several dozen locations; to deploy them and evaluate their performance; to install electric charging infrastructure; and to provide education and workforce training to support the transition to advanced electric transportation systems.

Read the Full Story here!


Blog Tools

 Subscribe to our RSS Feed

 Bookmark & Share this Page

Blog Archive

Recent Comments