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GM Ventures invests in battery-electric bus company Proterra

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near Clemson University International Center for Automotive Research. Proterra’s TerraVolt energy storage system consists of 54-72 kWh lithium titanate battery packs that recharge in 10 minutes using the company’s roof-mounted Fast Fill recharging system. Proterra Inc. later this year. later this year.

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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

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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. Louis, MO; Deployment: 11 partner fleets. Diamond Bar, CA Manufacturing: Galesburg, MI and Elizabethtown, KY; Deployment: 50 different utilities and fleets.

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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

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For years, people have been saying that one of the keys to reducing our dependency on fossil fuels is the electrification of the vehicle fleet. Given current technology options, we see substantial challenges to achieving this goal by 2020. Xavier Mosquet, Detroit-based leader of BCG’s global automotive practice and a coauthor of the study.