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The global automotive industry is receiving close to US$44 billion from governments around the world to develop alternative fuel technologies, analysts at Deloitte reveal. The market for alternative fuel vehicles is being strongly supported economic stimuluspackages and other government programs in at least 13 markets.
“Measures aimed at spurring innovations that will increase the electrification of road transportation, such as those announced today, are to be welcomed as extremely good news for the autoindustry as well as for society. .
“There is the technology, there is the market, but there is a bigger question than that: it’s also very much about connecting to the nation’s (electrical) grid and where the electricity comes from.&#. So instead, Edison and auto manufacturers are turning to “smart metering&# technologies.
The new administration’s stimuluspackage allots $2B for advanced batteries, $300M for federal and states fleets to buy new clean fuel vehicles and $7,500 tax rebate for PHEV, with yet more money in the Auto-Industry Re-tooling fund. No on has a lock on this future; everything is up for grabs.
This bill is not only the most sweeping economic recovery package in our nation’s history, it’s also the greenest. Some of the green benefits you’ll read about in Joe’s blog: Smart Grid/Advanced Battery Technology/Energy Efficiency. Tax Incentives to Spur Energy Savings and Green Jobs.
This has lots to do with spare cash; as a new technology EVs have come in pricier than average, and even more so they’ve had that perception. France’s autoindustry is probably the largest Western autoindustry that goes completely under the radar in the US. Domestic market not shabby either.
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