Right Lane Cruiser
08-05-2009, 07:47 AM
http://www.cleanmpg.com/photos/data/2/AmericanFlag.jpg The state of Michigan has already provided up to $555 million in tax incentives for designing and building advanced batteries in Michigan. (http://www.freep.com/article/20090805/BUSINESS06/90805020)
http://www.cleanmpg.com/photos/data/501/Large_format_LiON.JPGJustin Hyde - FREEP (http://www.freep.com) - August 5, 2009
Let's get those battery manufacturing facilities cranking! --Ed.
WASHINGTON – Michigan will be the big winner under a $2.4 billion plan to boost U.S. manufacturing of electric and hybrid vehicles that Vice President Joe Biden will unveil later this morning in Detroit.
Michigan gets a larger slice of the federal dollars to stimulate the development and production of advanced batteries for electric and hybrid vehicles than any other state.
Administration officials said in a briefing that of 48 grants approved under the program, 11 are in Michigan. Details about specific grants weren’t released, but administration officials indicated several automakers were among the winners. Executives and advanced technology vehicles from all three Detroit automakers were invited to Biden’s announcement and were officials from Dow Chemical Corp, which also had submitted a proposal under the program.
The plan was designed to establish a U.S. manufacturing base for electric vehicle batteries and motors that must now be imported from Asia, where batteries for nearly all of today’s hybrids are made today. General Motors Co. has said it will import from South Korea the first batteries for its revolutionary Chevrolet Volt plug-in hybrid until its partners can set up a manufacturing plant in Michigan.
With automakers rapidly moving into electric vehicles, President Barack Obama and much of Washington have backed the idea of boosting U.S. firms of all sizes to avoid... http://www.freep.com/article/20090805/BUSINESS06/90805020
http://www.cleanmpg.com/photos/data/501/Large_format_LiON.JPGJustin Hyde - FREEP (http://www.freep.com) - August 5, 2009
Let's get those battery manufacturing facilities cranking! --Ed.
WASHINGTON – Michigan will be the big winner under a $2.4 billion plan to boost U.S. manufacturing of electric and hybrid vehicles that Vice President Joe Biden will unveil later this morning in Detroit.
Michigan gets a larger slice of the federal dollars to stimulate the development and production of advanced batteries for electric and hybrid vehicles than any other state.
Administration officials said in a briefing that of 48 grants approved under the program, 11 are in Michigan. Details about specific grants weren’t released, but administration officials indicated several automakers were among the winners. Executives and advanced technology vehicles from all three Detroit automakers were invited to Biden’s announcement and were officials from Dow Chemical Corp, which also had submitted a proposal under the program.
The plan was designed to establish a U.S. manufacturing base for electric vehicle batteries and motors that must now be imported from Asia, where batteries for nearly all of today’s hybrids are made today. General Motors Co. has said it will import from South Korea the first batteries for its revolutionary Chevrolet Volt plug-in hybrid until its partners can set up a manufacturing plant in Michigan.
With automakers rapidly moving into electric vehicles, President Barack Obama and much of Washington have backed the idea of boosting U.S. firms of all sizes to avoid... http://www.freep.com/article/20090805/BUSINESS06/90805020