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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

Industry officials expect that this $2.4 billion in cost-share from the award winners, will result directly in the creation tens of thousands of manufacturing jobs in the US battery and auto industries. Production of manganese oxide cathode / graphite lithium-ion batteries for hybrid and electric vehicles. Technology.

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U.S. EV buyers will get the $7,500 tax credit with a few catches

Teslarati

The $7,500 check sent to buyers by the Federal Government incentivizes the purchase of sustainable passenger vehicles, so long as the company you are buying from has not sold 200,000 electrified units, which disqualifies Tesla and General Motors from the program. The future of the auto industry is electric — and made in America.