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President Obama Announces $2.4 Billion for Electric Vehicles
March 19, 2009
President Barack Obama today announced the launch of two major programs that will drive the development of the next generation of electric vehicles in the United States and support the growth of domestic jobs. As part of the American Recovery and Reinvestment Act, the U.S. Department of Energy announced the release of two competitive solicitations for up to $2 billion in federal funding for competitively awarded cost-shared agreements for manufacturing of advanced batteries and related drive components as well as up to $400 million for transportation electrification demonstration and deployment projects.
By contributing to the reduction of petroleum use and greenhouse gas emissions, these projects will advance the United States' economic recovery, national energy security, and environmental sustainability. Today's announcement will also help meet the president's goal of putting one million plug-in hybrid vehicles on the road by 2015.
EcoDrive Global, LSV
A New Concept in Urban Mobility
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 EcoDrive Global is driven to be Green.
We stand poised to bring the world the most exciting electric vehicles to date. As a global provider of a new class of Low Speed Vehicles, we bring an environmentally friendly plug-in device to your drive. Our pledge to you is to be on the leading edge of high quality electric vehicle production, freeing you and the planet from dependence on petroleum fuels and their providers. EcoDrive Global promises to provide a new form of transportation, one that is safe, fun to drive, easy to maintain and easy on the planet we share. We're EcoDrive Global, enjoy the ride.
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