Michigan plugs in to plug-ins
The economic collapse of 2008 wreaked havoc on the automotive-dependent economy in Michigan, contributing to an unemployment rate of 14.7 percent in August.
U.S. President Barack Obama signed the American Recovery and Reinvestment Act of 2009 in February, pumping billions of government funds into the economy to stimulate growth.
Knut Simonsen, senior vice president of DTE Energy Resources, said national leaders and business investors would discuss Michigan opportunities at The Business of Plugging In conference in Detroit.
"With Michigan at a crucial crossroad in preparing for the future, plug-in electric vehicles present an incredible opportunity to address climate change, create jobs and capitalize on the new electric automotive industry," he said.
Jon Lauckner, vice president for General Motors Co. Global Program Management, said alternative fuel sources for the automotive sector could only help with a collaborative effort.
"We can only be successful if we know and listen to each other's issues and challenges and find solutions together," he said.
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Aggressive bidding for supply contracts and slower-than-expected demand growth is the root cause. The problems are compounded by difficulties in securing coal and other fuels, high transmission losses, electricity theft and cash-starved distribution companies.
But India's 36 state and union…
