Posts Tagged ‘transportation’

Department of Energy Announces New Auto Battery Initiative

August 11th

Obama’s Energy Initiatives put pedal to the metal:

Further accelerating the manufacturing and deployment of electric vehicles, batteries, and components here in America, and creating tens of thousands of new jobs, President Obama today announced 48 new advanced battery and electric drive projects that will receive $2.4 billion in funding under the American Recovery and Reinvestment Act. These projects, selected through a highly competitive process by the Department of Energy, will accelerate the development of U.S. manufacturing capacity for batteries and electric drive components as well as the deployment of electric drive vehicles, helping to establish American leadership in creating the next generation of advanced vehicles.

As opposed to Bush’s 2007 energy initiative, this one has some real meat on its bones. Korean journalists buried the story though, it’ll be interesting to see whether they can bring it back next week.