Energy Efficiency

President Obama of Unites States announces $2.4 Billion in Grants to Accelerate the Manufacturing and Deployment of the Next Generation of U.S. Batteries and Electric Vehicles.Obama traveled Wednesday to the State of Indiana,which is beaten by the crisis,announcing a plan to which it is claimed will create thousands of jobs.”For too long we have been wrong not to invest in this type of innovative work,”said Obama.

“That’s why this announcement is very important.It represents the largest investment in this type of technology in the history of U.S… It is an investment in our ability to develop new technologies tomorrow.”The grant of 2,400 million dollars for electric vehicles including 1,500 million U.S. manufacturers to develop batteries that will expand the recycling system.Another 500 million will go to companies that manufacture components for vehicles including electric motors and electronic components.Read more.