A bill approved 31-3 in the Senate and 94-0 in the House would provide tax credits worth up to $335 million from 2011 to 2016.
Source: Michigan Live More...
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A bill approved 31-3 in the Senate and 94-0 in the House would provide tax credits worth up to $335 million from 2011 to 2016. [...] “For a fraction of what the federal government has spent to bail out Wall Street, we can create the next generation of high-mileage vehicles, and Indiana can lead the way with cutting-edge technology being made right here within our borders,” Bayh said at a news conference at the Indianapolis Motor Speedway. ” “For a fraction of what the federal government has spent to bail out Wall Street, we can create the next generation of high-mileage vehicles, and Indiana can lead the way with cutting-edge technology being made right here within our borders,” Bayh said at a news conference at the Indianapolis Motor Speedway. ” [...] WASHINGTON, Dec. 19 /PRNewswire/ — Five nominees have been identified for Green Car Journal’s 2009 Green Car Vision Award(TM), which acknowledges a vehicle that best envisions the road ahead. One of these five finalists — the Chevrolet Volt, Fisker Karma, Honda FCX Clarity, MINI E, or Mitsubishi i-MiEV — will be honored as the 2009 Green Car Vision Award winner during a press conference on Public Policy Day February 3, at The Washington Auto Show in Washington D.C. WASHINGTON, Dec. 19 /PRNewswire/ — Five nominees have been identified for Green Car Journal’s 2009 Green Car Vision Award(TM), which acknowledges a vehicle that best envisions the road ahead. One of these five finalists — the Chevrolet Volt, Fisker Karma, Honda FCX Clarity, MINI E, or Mitsubishi i-MiEV — will be honored as the 2009 Green Car Vision Award winner during a press conference on Public Policy Day February 3, at The Washington Auto Show in Washington D.C. [...] INDIANAPOLIS, Dec. 19 /PRNewswire-FirstCall/ — A new plan proposed this week by Indiana Senator Evan Bayh involving $1.6 billion in federal grants to accelerate growth of America’s advanced hybrid-electric and electric car industry is crucial for American competitiveness in automotive and high-tech manufacturing, Charles Gassenheimer, Chairman and CEO of Ener1, Inc. (Amex: HEV), said today. Ener1′s Indianapolis subsidiary EnerDel is the first company able to produce automotive lithium-ion batteries on a commercial scale in the U.S. INDIANAPOLIS, Dec. 19 /PRNewswire-FirstCall/ — A new plan proposed this week by Indiana Senator Evan Bayh involving $1.6 billion in federal grants to accelerate growth of America’s advanced hybrid-electric and electric car industry is crucial for American competitiveness in automotive and high-tech manufacturing, Charles Gassenheimer, Chairman and CEO of Ener1, Inc. (Amex: HEV), said today. Ener1′s Indianapolis subsidiary EnerDel is the first company able to produce automotive lithium-ion batteries on a commercial scale in the U.S. [...] NEW YORK — Chrysler chief Bob Nardelli said in a letter to employees on Friday that the car maker plans to have 500,000 electric cars on the road by 2013. The auto maker plans to get $4 billion in initial funds under the U.S. Troubled Asset Relief Program. Chrysler owner Cerberus will forgo any loan benefit. NEW YORK — Chrysler chief Bob Nardelli said in a letter to employees on Friday that the car maker plans to have 500,000 electric cars on the road by 2013. The auto maker plans to get $4 billion in initial funds under the U.S. Troubled Asset Relief Program. Chrysler owner Cerberus will forgo any loan benefit. [...] On Tuesday, Valence announced that French electric-bus and truck maker PVI will test Valence’s lithium phosphate batteries for fleet vehicles in a deal worth $3 million. On Tuesday, Valence announced that French electric-bus and truck maker PVI will test Valence’s lithium phosphate batteries for fleet vehicles in a deal worth $3 million. San Jose — Christmas week will bring a present to electric car drivers — they can start charging their vehicles through light posts in front of San Jose City Hall. The city is planning to turn the blocks between Fourth and Fifth streets on Santa Clara Street into an eco-friendly test bed. San Jose — Christmas week will bring a present to electric car drivers — they can start charging their vehicles through light posts in front of San Jose City Hall. The city is planning to turn the blocks between Fourth and Fifth streets on Santa Clara Street into an eco-friendly test bed. [...] The incoming Obama administration is “closely monitoring” the innovative electric car project being developed by Israel’s Better Place company, “and may be adopting it,” Idan Ofer, chairman of Better Place, has told The Jerusalem Post. The incoming Obama administration is “closely monitoring” the innovative electric car project being developed by Israel’s Better Place company, “and may be adopting it,” Idan Ofer, chairman of Better Place, has told The Jerusalem Post. Led by Chrysler, GM and Delphi veterans, Bright is designing a 100-mile-per-gallon light truck assisted by electric power stored on the vehicle in a massive lithium-ion battery recharged from a wall socket. The goal: Get an assembly line going by 2012 for mass production of a high-tech truck known as a plug-in hybrid. Led by Chrysler, GM and Delphi veterans, Bright is designing a 100-mile-per-gallon light truck assisted by electric power stored on the vehicle in a massive lithium-ion battery recharged from a wall socket. The goal: Get an assembly line going by 2012 for mass production of a high-tech truck known as a plug-in hybrid. [...] President Bush announced a rescue plan for General Motors and Chrysler LLC Friday morning that will make $13.4 billion in federal loans available almost immediately. President Bush announced a rescue plan for General Motors and Chrysler LLC Friday morning that will make $13.4 billion in federal loans available almost immediately. All three companies have been taking dramatic steps as they struggle to survive the recession and U.S. sales have dipped to their slowest rate in 26 years. Chrysler and General Motors fear they might not have enough money to pay their bills in a matter of weeks. All three companies have been taking dramatic steps as they struggle to survive the recession and U.S. sales have dipped to their slowest rate in 26 years. Chrysler and General Motors fear they might not have enough money to pay their bills in a matter of weeks. Plug In America is working harder than ever to get electric vehicles on the road. As shown in Plug In America’s Year End Summary our 2008 milestones have made a tremendous difference to this movement. Plug In America is working harder than ever to get electric vehicles on the road. As shown in Plug In America’s Year End Summary our 2008 milestones have made a tremendous difference to this movement. James Jarrett, an adviser to the Grove Foundation, created by Intel founder Andy Grove, argued that manufacturing new plug-in electric vehicles would not quickly reduce the country’s oil dependence James Jarrett, an adviser to the Grove Foundation, created by Intel founder Andy Grove, argued that manufacturing new plug-in electric vehicles would not quickly reduce the country’s oil dependence Between 2012 and 2015, Chrysler says it will be rolling out fully engineered EVs. It wants to be producing half a million of them by 2013. Between 2012 and 2015, Chrysler says it will be rolling out fully engineered EVs. It wants to be producing half a million of them by 2013. Two veteran automotive executives, H. Dennis Kammerer and Rodger L. Cornish, say electric car pioneer ZAP (OTCBB: ZAAP) is already building all-electric models and the US government should offer support to companies who are already building plug-in transportation Two veteran automotive executives, H. Dennis Kammerer and Rodger L. Cornish, say electric car pioneer ZAP (OTCBB: ZAAP) is already building all-electric models and the US government should offer support to companies who are already building plug-in transportation DETROIT -(Dow Jones)- General Motors Corp. (GM) on Tuesday vowed to forge ahead with plans to deliver its Chevrolet Volt electric car by 2010, with or without the emergency loans the auto maker says it needs to survive into next year. DETROIT -(Dow Jones)- General Motors Corp. (GM) on Tuesday vowed to forge ahead with plans to deliver its Chevrolet Volt electric car by 2010, with or without the emergency loans the auto maker says it needs to survive into next year. Honda Motor Co., a holdout as other large carmakers unveiled plans for plug-in, battery-powered models, increased its commitment to hybrid vehicles by announcing a joint venture to supply lithium-ion batteries. Honda Motor Co., a holdout as other large carmakers unveiled plans for plug-in, battery-powered models, increased its commitment to hybrid vehicles by announcing a joint venture to supply lithium-ion batteries. A consortium of 14 U.S. technology companies is seeking $1 billion in federal aid to build a factory to manufacture advanced electric car batteries, according to a report Wednesday night by The Wall Street Journal. A consortium of 14 U.S. technology companies is seeking $1 billion in federal aid to build a factory to manufacture advanced electric car batteries, according to a report Wednesday night by The Wall Street Journal. AUSTIN, Texas (December 16, 2008) – Valence Technology, Inc. (NASDAQ: VLNC), an international developer of safe lithium phosphate energy storage solutions, announced today that it has entered into a multi-year non-exclusive supply agreement with PVI for Valence’s U-Charge® XP Energy Storage Systems. PVI develops and manufactures commercial electric vehicles including electric buses under the GEPEBUS brand and trucks in partnership with Renault Trucks. AUSTIN, Texas (December 16, 2008) – Valence Technology, Inc. (NASDAQ: VLNC), an international developer of safe lithium phosphate energy storage solutions, announced today that it has entered into a multi-year non-exclusive supply agreement with PVI for Valence’s U-Charge® XP Energy Storage Systems. PVI develops and manufactures commercial electric vehicles including electric buses under the GEPEBUS brand and trucks in partnership with Renault Trucks. [...] The entire U.S. auto industry is at a critical turning point. This moment rivals: The entire U.S. auto industry is at a critical turning point. This moment rivals: [...] A Troy-based company that has developed a plug-in hybrid electric transit bus will move forward on plans for a $7 million manufacturing facility in Livonia after winning approval of state tax credits Monday. A Troy-based company that has developed a plug-in hybrid electric transit bus will move forward on plans for a $7 million manufacturing facility in Livonia after winning approval of state tax credits Monday. While other lithium-ion startups, such as A123Systems, ActaCell, and Boston Power, have focused on storing energy for vehicles, laptops and electric grids, Imara plans to start with lower-hanging fruit — small-format batteries for power tools and outdoor equipment. While other lithium-ion startups, such as A123Systems, ActaCell, and Boston Power, have focused on storing energy for vehicles, laptops and electric grids, Imara plans to start with lower-hanging fruit — small-format batteries for power tools and outdoor equipment. SHANGHAI, Dec 16 (Reuters) – Johnson Controls Inc (JCI.N: Quote, Profile, Research, Stock Buzz) said on Tuesday it plans to invest about $90 million to build an automotive battery plant in Zhejiang province in east China. SHANGHAI, Dec 16 (Reuters) – Johnson Controls Inc (JCI.N: Quote, Profile, Research, Stock Buzz) said on Tuesday it plans to invest about $90 million to build an automotive battery plant in Zhejiang province in east China. If 2008 was the year of the bailout, 2009 might be the year of the battery, and that’s fine with Firefly Energy. If 2008 was the year of the bailout, 2009 might be the year of the battery, and that’s fine with Firefly Energy. Chrysler is pinning a huge part of its future on a plan to produce a full line of electric vehicles, at a reasonable cost to both the carmaker and the consumer. Chrysler is pinning a huge part of its future on a plan to produce a full line of electric vehicles, at a reasonable cost to both the carmaker and the consumer. December 12, 2008 – Torrance, CA – Toyota Motor Sales (TMS),U.S.A., Inc. will stage the world premiere of the all-new 2010 Toyota Prius at a press conference at the 2009 North American International Auto Show in Detroit. December 12, 2008 – Torrance, CA – Toyota Motor Sales (TMS),U.S.A., Inc. will stage the world premiere of the all-new 2010 Toyota Prius at a press conference at the 2009 North American International Auto Show in Detroit. SHENZHEN, China, Dec 15 – China’s BYD Co <1211.HK> plans to sell its plug-in hybrid cars, the country’s first homegrown electric vehicle, in European and U.S. markets in 2011, BYD chairman Wang Chuan Fu told reporters. SHENZHEN, China, Dec 15 – China’s BYD Co <1211.HK> plans to sell its plug-in hybrid cars, the country’s first homegrown electric vehicle, in European and U.S. markets in 2011, BYD chairman Wang Chuan Fu told reporters. SAIC Group is China’s largest automobile manufacturer in terms of sales. SAIC Group is China’s largest automobile manufacturer in terms of sales. The F3 DM, which can be recharged from a household powerpoint, can run for 100 kilometers (62 miles), only using its batteries, Shenzhen-based BYD said in a statement. The F3 DM, which can be recharged from a household powerpoint, can run for 100 kilometers (62 miles), only using its batteries, Shenzhen-based BYD said in a statement. |
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