article thumbnail

LA-based SMLC to lead new DOE Smart Manufacturing Innovation Institute; ~$800M for 5 new hub competitions

Green Car Congress

At an event in Washington, President Obama announced that the Smart Manufacturing Leadership Coalition (SMLC) will lead the new Smart Manufacturing Innovation Institute, in partnership with the Department of Energy. The Smart Manufacturing Innovation Institute is the ninth manufacturing hub awarded by the Obama Administration.

article thumbnail

Labour's £5,000 sweetener to launch electric car revolution | Environment | The Guardian

Tony Karrer Delicious EVdriven

The cash incentive for consumers would be available to offset the higher upfront costs of electric cars , in particular the price of the batteries in modern vehicles. The government also wants to find ways to support the ongoing costs of electric cars. "We Barack Obama releases Bush administration torture memos 5.

article thumbnail

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

Green Car Congress

Auerbach adds that due to economies of scale and over capacity in the industry “ wind energy should have a 20% reduction in equipment costs within the next year ” and he has seen realistic projections of “ solar, with a 10% tax credit, being competitive with baseline generation in 2020 ”. Cap and Trade Disappointment.

Financing 150
article thumbnail

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Early Days in the Obama Administration An Address I'd Like to Hear Global Warming Solutions Included in Transportatio. Annual use of an EV should be less than the average cost of $8,000 per year for using a gasoline in many countries including the USA. Intelligent Charging Infrastructure for New Electr. Here we go again.or

Grid 28
article thumbnail

Electric Car Makers: Oregon Wants You - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

And, if you consider lifetime costs of owning an EV versus owning a traditional internal combustion car, even if the initial purchase price of the EV is much more than your combustion car and you have to replace a battery for $4,000 after 7-10 years, the EV still costs less to operate. — jerryd 7. Next: a carbon tax.

Oregon 58