This week the U.S. Department of Energy (DOE) announced that it will provide up to $14 million in funding plug-in hybrid electric vehicle (PHEV) battery development. This research aims to find solutions to improving battery performance so vehicles can deliver up to 40 miles of electric range without recharging. This would include most round-trip daily commutes. Plug-in hybrid electric car have a larger battery than hybrid electric car, and the challenge is to incorporate the batteries into a car, and ensure that the batteries will be reliable throughout the life of the car.
The U.S. Department of Energy will provide up to $14 million to help U.S. automakers develop advanced batteries that can power electric cars for up to 40 miles before recharging. The government has said that it will fund up to half of a $28 million research effort by DaimlerChrysler AG, Ford Motor Company and General Motors Corporation, which have formed the United States Advanced Battery Consortium to advance battery technology. Companies are invited to apply to the consortium for funding by May 31.
Via: DOE press release
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Um…is that a joke? 14 million with an M??? We just gave 700 BILLION to the banking industry, and we’re offering 14 MILLION to the electric cars??? That kind of money won’t even buy John McCain a house! It’s ridiculous, they should multiply it by 100!!!