Batteries and Electric Vehicles - U.S. Government spends $2.4 Billion in Grants

According to the White House press release (2009-08-05) President Obama "announced 48 new advanced battery and electric drive projects that will receive $2.4 billion in funding under the American Recovery and Reinvestment Act. These projects, selected through a highly competitive process by the Department of Energy, will accelerate the development of U.S. manufacturing capacity for batteries and electric drive components as well as the deployment of electric drive vehicles, helping to establish American leadership in creating the next generation of advanced vehicles."

The award winners will invest another $2.4 Billion.

One of the biggest deployment projects will be implemented by ETEC in cooperation with Nissan. According to ETEC: "The Project will install electric vehicle charging infrastructure and deploy up to 1,000 Nissan battery electric vehicles in strategic markets in five states: Arizona, California, Oregon, Tennessee, and Washington. ... To support the Nissan EV, the Project will install approximately 12,500 Level 2 (220V) charging systems and 250 Level 3 (fast-charge) systems."

Click HERE for the full White House press release.

Click HERE for the ETEC press release.