$2 Billion in Grants Awarded for Manufacturing of Electric Car Components
WASHINGTON — Seeking to put the nation back in the lead on an important technology, the Obama administration awarded more than $2 billion in grants on Wednesday for manufacturing advanced batteries and other components for electric cars.
The president and four members of his cabinet fanned out across the nation’s industrial heartland, hit hard by the recession, to announce the grants, meant to help companies bolster large-scale manufacturing lines for modern batteries of the sort now mostly made in Asia.
The rest of this article can be read here http://www.nytimes.com/2009/08/06/business/06battery.html?_r=1&partner=rss&emc=rss
