President Obama announces $2.4 Billion for electric vehicles
As part of the American Recovery and Reinvestment Act, the U.S. Department of Energy announced the release of two competitive solicitations for up to $2 billion in federal funding for competitively awarded cost-shared agreements for manufacturing of advanced batteries and related drive components as well as up to $400 million for transportation electrification demonstration and deployment projects.
By contributing to the reduction of petroleum use and greenhouse gas emissions, the President hopes these projects will advance the United States' economic recovery, national energy security, and environmental sustainability.
The announcement will also help meet the president's goal of putting one million plug-in hybrid vehicles on the road by 2015.
Related News

Alberta breaks summer electricity record, still far short of capacity
CALGARY - Consumer use hit 10,638 MW, blowing past a previous high of 10,520 MW set on July 9, 2015, said the Alberta Electric System Operator (AESO).
“We hit a new summer peak and it’s likely we’ll hit higher peaks as the week progresses,” said AESO spokeswoman Tara De Weerd.
“We continue to have ample supply, our generators are very confident there aren’t any issues.”
That new peak was set at 4 p.m. but De Weerd said it was likely to be exceeded later in the day.
Heightened air conditioner use is normally a major driver of such peak electricity consumption, said De Weerd.
She…