resident Obama Announces $2.4 Billion in Funding to Support Next Generation Electric Vehicles
DOE Support for Advanced Battery Manufacturing and Electric Vehicle Deployment to Create Tens of Thousands of U.S. Jobs
POMONA, CA – Today, President Barack Obama announced the availability of $2.4 billion in funding to put American ingenuity and America’s manufacturers to work producing next generation Plug-in Hybrid Electric Vehicles and the advanced battery components that will make these vehicles run. The initiative will create tens of thousands of U.S. jobs and help us end our addiction to foreign oil. Americans who decide to purchase these Plug-in Hybrid vehicles can claim a tax credit of up to $7,500.
Source: energy.gov
