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GM Pleased with US EV Grants

As we reported yesterday, the US government was on the verge of awarding $2.4 billion in grants for research on advanced batteries and vehicle components, as well as for the purchase of plug-in hybrid vehicles (PHEV).

Among the 48 winners of the grants is American manufacturer GM, who will receive a $105.9 million grant for "production of high-volume battery packs for GM's Volt," 105 million for electric drive component manufacturing facilities, as well as another $30.5 million for EV fleet trials. In response, GM's CEO, Fritz Henderson, issued a press release thanking the administration for the extra money awarded.

"General Motors Company commends the Administration, Congress and Department of Energy for recognizing advanced batteries as a critical component in our nation's long-term competitiveness and technology leadership. This investment will help deliver domestically-produced and affordable energy sources for American consumers while aiding in the nation's recovery by creating U.S. based manufacturing jobs," GM's CEO said in the release.

"These grants will allow GM to accelerate the deployment of battery pack manufacturing in the U.S. and enable high volume production of the world's first extended range electric vehicle - the Chevy Volt."

"GM brings more than a decade of company investment and experience in electric drive vehicles to this project. We appreciate the opportunity to quicken the development of this important work, which will ultimately lead to a reduction in the use of foreign oil and give America a lead in the race to electrify the automobile."

The extended list of the grants awarded and what they were awarded for can be found by following this link.
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About the author: Daniel Patrascu
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Daniel loves writing (or so he claims), and he uses this skill to offer readers a "behind the scenes" look at the automotive industry. He also enjoys talking about space exploration and robots, because in his view the only way forward for humanity is away from this planet, in metal bodies.
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