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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

The announcement marks the single largest investment in advanced battery technology for hybrid and electric-drive vehicles ever made. Production of nickel-cobalt-metal battery cells and packs, as well as production of battery separators (by partner Entek) for hybrid and electric vehicles. Industry officials expect that this $2.4

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DOE Finalizes $5.9 Billion Loan for Ford Motor Company

Green Car Congress

billion to Ford Motor Company to transform factories across Illinois, Kentucky, Michigan, Missouri, and Ohio to produce more fuel efficient models. Tags: Brief. The US Department of Energy (DOE) has closed on its loan offer of $5.9 Earlier post.).

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