President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share
Green Car Congress
AUGUST 5, 2009
President Obama announced 48 new advanced battery and electric drive projects that will receive $2.4 The announcement marks the single largest investment in advanced battery technology for hybrid and electric-drive vehicles ever made. billion in funding under the American Recovery and Reinvestment Act. DOE Award ($mil.).
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