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Will Obama’s billions jumpstart the electric car? The Green Piece

Green Cars News

So will his billions rejuvenate the American auto industry and put it back on top of the motoring world as it enters a new era? The economic stimulus funds have been doled out to programmes in 20 US states, but Michigan, the traditional home of motoring, is the key beneficiary. Who will benefit?

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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

These projects, selected through a highly competitive process by the Department of Energy (DOE), are intended to accelerate the development of US manufacturing capacity for batteries and electric drive components as well as the deployment of electric drive vehicles. Industry officials expect that this $2.4 DOE Award ($mil.).

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