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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

Companies and universities in Michigan are receiving more than $1 billion of the grants. Production of lithium-ion cells and packs for hybrid and electric vehicles. Develop, validate, and deploy 220 advanced plug-in hybrid electric pickups and minivans. Indianapolis, IN. General Motors Corporation. Brownstown, MI. Technology.

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BCG Report Expects Battery Costs Will Constrain Widespread Market Adoption of Fully Electric Vehicles, Absent a Technology Breakthrough; Forecasts 26% of Major Market New Cars in 2020 To be Hybrid or Electric

Green Car Congress

Although lithium-ion cell and pack costs are expected to fall sharply by 2020, they are unlikely to drop enough to support widespread adoption of fully electric vehicles without a major breakthrough in battery technology, according to a new study by The Boston Consulting Group (BCG). The stakes are very high. BCG report.