Obama Announces Battery Grant Recipients Targeting New Jobs and Alternative Vehicle Technology

August 6, 2009

(ChattahBox) — The Obama administration announced 48 new advanced battery and electric-drive projects that will receive $2.4 billion in grants under the American Recovery and Reinvestment Act, to companies developing car battery and hybrid technology.  Ford, General Motors and Chrysler, were among the biggest beneficiaries of the aid, receiving more than $400 million for research and development work

Obama has stated that electric cars could help put Americans to work and reduce dependence on oil. Michigan Gov. Jennifer Granholm said her state, which is one of the biggest recipients of the grant, could gain up to 30,000 jobs by 2020 if it becomes a leader in battery technology.  $1.5 billion of the grant money will go to U.S.-based companies to make advanced batteries and battery components. Beside jobs, the grants are also meant to keep batteries from becoming the new oil dependency wise, as advanced battery cells for vehicles today are made almost exclusively in South Korea, Japan and China. The remainder of the money, comprises $500 million in grants for companies that build parts for electric-drive vehicles and $400 million in grants to buy and test electric vehicles, install charging stations and train workers for electric transportation. The announcement, with a list of what groups are receiving funding, can be found here.


Comments

4 Responses to “Obama Announces Battery Grant Recipients Targeting New Jobs and Alternative Vehicle Technology”

  1. The Car Blog » Blog Archive » Obama Announces Battery Grant Recipients Targeting New Jobs and Alternative Vehicle Technology on August 6th, 2009 8:30 am

    […] View original here:  Obama Announces Battery Grant Recipients Targeting New Jobs and Alternative Vehicle Technology […]

  2. Two Cents Per Mile on August 6th, 2009 1:09 pm

    I have my doubts about this… How much money did we give to AIG? And now why are we only investing 2.4 billion in alternative transportation then? Anyways, in his speech, Obama says smaller businesses are more innovative, then why is the majority of the grant money going to the Big 3 automakers? GM built an electric car 10 years ago, and destroyed it (read about the EV1). They don’t deserve a dime of our tax dollars. Not to say that I dont think we should be investing in electric cars- it just doesn’t make sense to award $200 million dollars to a company (GM) who built an electric car and sold the relevant patents to an oil company (Chevron), who refuses to let anyone put NiMH batteries in 100% electric cars now. And on the topic, if Obama wants to get serious about electric cars, he should enact eminent domain to release the NiMH battery patents from Chevron! To learn more check out the book “Two Cents Per Mile” by Nevres Cefo on amazon at http://bit.ly/2centspermile

  3. Special Blog to All » Obama Announces Battery Grant Recipients Targeting New Jobs and … on August 6th, 2009 5:52 pm

    […] here:  Obama Announces Battery Grant Recipients Targeting New Jobs and … This entry is filed under Jobs. You can follow any responses to this entry through the RSS 2.0 […]

  4. Transportation-Technology » Mineta Transportation Institute Publishes Study on Public vs. Private ... - PR Inside on August 7th, 2009 3:05 am

    […] Obama Announces Battery Grant Recipients Targeting New Jobs and …Jennifer Granholm said her state, which is one of the biggest recipients of the grant, could gain up to 30000 jobs by 2020 if it becomes a leader in battery technology. $1.5 billion of the grant money will go to U.S.-based companies to make … comprises $500 million in grants for companies that build parts for electric-drive vehicles and $400 million in grants to buy and test electric vehicles, install charging stations and train workers for electric transportation. … […]

Got something to say? **Please Note** - Comments may be edited for clarity or obscenity, and all comments are published at the discretion of ChattahBox.com - Comments are the opinions of the individuals leaving them, and not of ChattahBox.com or its partners. - Please do not spam or submit comments that use copyright materials, hearsay or are based on reports where the supposed fact or quote is not a matter of public knowledge are also not permitted.