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USA: $50 Million For Plug-In Electric Vehicle Technology

tesla model soThe Energy Department on March 8 announced more than $50 million in funding for new projects that will accelerate the development of advanced plug-in electric vehicle (PEV) technologies to improve vehicle fuel economy and performance. This new funding supports the Energy Department’s EV Everywhere Grand Challenge, which aims to make PEVs as affordable to own and operate as today’s gasoline-powered vehicles within the next 10 years and will help to advance the technology goals outlined in the EV Everywhere Grand Challenge.

The Department will select new research projects that focus on lowering the cost and increasing the efficiency of PEV components and develop models and tools to predict these vehicles’ performance and help improve fuel economy. The Department will fund projects that cover 12 areas of interest across five major areas of research and development, including: advanced light-weight and propulsion materials; battery development; power electronics; heating, ventilation, and air conditioning systems; and fuels and lubricants.
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