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Presidential Auto Task Force Concluded Plug-In GM Volt Likely Too Expensive To Be Commercially Successful in the Short-Term

Green Car Congress

Following the short address on Monday during which President Barack Obama outlined the next steps for GM and Chrysler ( earlier post ), the White House posted summaries of the Presidential Auto Task Force’s assessment of the business plans provided by the two struggling automakers, which led to the terms that are currently unfolding.

Volt 170
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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

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. A123 Systems, Inc. Midland, MI.

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Chrysler's first electric car to be two-seat sports car - Apr. 15, 2009

Tony Karrer Delicious EVdriven

Chryslers first electric car, set to be introduced late next year around the same time as General Motors Chevrolet Volt, will be a sports car with a zero-to-60 time of under five seconds and a top speed of 120 miles per hour. Possibilities include a minivan and an Jeep Wrangler-like off-roader.