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Is Obama's Goal of 1 Million Plug-In Cars By 2015 Feasible?

Green Car Reports

Since 2008, Barack Obama has consistently promoted the goal of having 1 million advanced technology vehicles on U.S. The number refers to plug-in vehicles that use grid power, stored in lithium-ion battery packs, to operate their electric traction motors. roads by 2015. Regular hybrids like the Toyota Prius don't do that. The all-electric Nissan

U.S. Battery Makers Power Up

Revenge of the Electric Car

A coalition of 14 companies this week announced the creation of a new business alliance aimed at promoting domestic production of lithium ion batteries. LA Times, December 20, 2008. Fourteen companies join to promote domestic production of lithium ion batteries for autos. December 20, 2008 U.S. A coalition of 14 companies this week announced the creation of a new business alliance aimed at promoting domestic production of lithium ion batteries.

Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

However, the electric drive portion of the vehicles, including the motor, electronics and A123 System lithium ion battery pack is identical. A123Systems will manufacture Nanophosphate Lithium ion prismatic battery cells, modules and battery packs for Chrysler LLC.

Tesla Prepping IPO

Revenge of the Electric Car

The company’s chairman Elon Musk said early last year that an IPO was a possibility in either late 2008 or 2009.&#. The company’s chairman Elon Musk said early last year that an IPO was a possibility in either late 2008 or 2009. in the latter half of 2008 virtually shut down the IPO market. Tesla’s IPO would follow the successful debut of lithium ion battery maker A123 Systems, whose shares rallied 50 percent on their first day of trading on September 25.

First Three Conditional Loan Commitments Under DOEs ATVM Program go to Ford Motor Company, Nissan Motors and Tesla Motors

Green Car Congress

The Obama Administration is awarding $8 billion in three conditional loan commitments for the development of innovative, advanced vehicle technologies: $5.9 The Advanced Technology Vehicles Manufacturing Loan Program, first appropriated in the fall of 2008, will provide about $25 billion in loans to companies making cars and components in US factories that increase fuel economy at least 25% above 2005 fuel economy levels.