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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. Companies and universities in Michigan are receiving more than $1 billion of the grants. Chrysler LLC. $70.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

But Fukui said he saw no significant value in researching plug-in hybrid models, which can be recharged by connecting to a power plug. Toyota is also concerned that plug-in owners might tire of connecting their cars every day. Bloomberg ). I do not understand why people see value in plug-in (hybrids)," he said.

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