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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. Develop, validate, and deploy 220 advanced plug-in hybrid electric pickups and minivans. Chrysler LLC. $70.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

Toyota is testing a new lithium-ion battery meant to last a decade, Knight said, but costs could reach roughly $10,000." ( Seattle Times ) 6/14/06 "Toyota declined to say when such a car might be ready for release." ( Wall St. That has to be looked at." ( Reuters ) 3/28/07 "Batteries are not yet an economic or efficient way of storing power.we

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