Obama Pledges $2.4 Billion to Fund Next Generation Electric Vehicles Production

Chevrolet Volt. Photo by Xinhua News.

POMONA, Calif.- President Barack Obama has announced that his administration plans to make available $2.4 billion in funding to American manufacturers for the development of next generation plug-in hybrid vehicles and the advanced battery components that will make these vehicle run.

The announcement was made late last week to an audience at the Edison Electric Vehicle Technical Center, where he pledged that “the initiative will create tens of thousands of jobs, and Americans who decide to purchase these plug-in hybrid vehicles can claim a tax credit of up to $7,500.”

President Obama went on to say that the Department of Energy is offering several grant programs in an effort to bring these initiatives to fruition.

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Better Place Partners With Ontario Government to Develop Electric Car Infrastructure in the Province

Image courtesy of Treehugger.com

PALO ALTO, Calif. - Better Place is partnering with the government of Ontario in an effort to develop an electric car infrastructure in the province.

The company, which was unavailable for comment, released a statement saying that Better Place plans to install a network of charge spots and battery exchange stations in Toronto and later across Canada, which it hopes will give drivers the same convenience as gasoline stations.

Better Place says that it plans to “install charge spots in parking spaces at home, at work, and at retail locations, which [will] enable the network to automatically top off the electric car.”

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