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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LONDON - Renewable power for the first time contributed a bigger share in the European generation mix than fossil fuels as the fallout from the pandemic cut energy demand.
About 40 percent of the electricity in the first half in the 27 EU countries came from renewable sources, compared with 34 percent from plants burning fossil fuels, according to environmental group Ember in London. As a result, carbon dioxide emissions from the power sector fell 23 percent.
The rise is significant and encouraging for law makers as Europe prepares to spend billions of euros to recover from the virus and set the…
