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Ricardo responds to electric drive stimulus package

Green Cars News

Ricardo, one of the leaders in the development of electric and hybrid vehicles, has welcomed President Obama’s announcement of $2.4billion in grants to accelerate the manufacturing and deployment of the next generation of US batteries and electric vehicles.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Other than the good news on oil consumption, very little was said in regards to transportation fuels. On 8 July, the US Treasury provided guidance on the grants while timing is still unclear on when the first block of loan guarantees will be awarded. The US is in a race for global dominance in the new energy economy with China.

Financing 150
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California Goes To Hell In A Handbasket But Greenius Says AB 811 is Our Route To Green Heaven

Creative Greenius

The treasure chest was cleverly disguised in the form of Federal stimulus money from the ARRA, the American Recovery and Reinvestment Act. But snatching victory from the jaws of defeat – like a last second Derek Fisher three pointer at the buzzer – as I discovered from Brian Gitt, is the infusion of ARRA stimulus money.