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.
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Energy prices trigger EU inflation, poor worst hit
BERLIN - Higher energy prices, including for natural gas, are pushing up electricity prices and the cost of living for households across the EU, prompting governments to cut taxes and provide financial support to the tune of several billion euros.
A series of reports published by Cambridge Econometrics in October and November 2022 found that households in EU countries are spending much more on energy than in 2020 and that governments are spending billions of euros to help consumers pay bills and cut taxes.
In France, for example, the poorest households now spend roughly one-third more on energy than in 2020. Between…
