tarabell
04-04-2007, 12:00 PM
Sen. Joe Biden, D-Del., introduced legislation Thursday that would boost federal investment in the development of lithium ion batteries that he says is critical for producing the next generation of hybrid vehicles.
Biden's bill, called "The American Automobile Industry Promotion Act of 2007," would provide $100 million a year for five years toward research and development of battery technology. The funds would go toward battery research at national laboratories, small businesses and educational institutions.
Supporters say lithium ion battery research is a key to the development of advanced hybrid technology such as plug-in hybrid cars.
http://www.delawareonline.com/apps/pbcs.dll/article?AID=/20070330/BUSINESS/703300335/1006/NEWS
Biden's bill, called "The American Automobile Industry Promotion Act of 2007," would provide $100 million a year for five years toward research and development of battery technology. The funds would go toward battery research at national laboratories, small businesses and educational institutions.
Supporters say lithium ion battery research is a key to the development of advanced hybrid technology such as plug-in hybrid cars.
http://www.delawareonline.com/apps/pbcs.dll/article?AID=/20070330/BUSINESS/703300335/1006/NEWS