Locke Announces $45 Million in Grants to Accelerate Manufacture and Deployment of Next-Generation Batteries, Vehicles
U.S. Commerce Secretary Gary Locke announced three grants to accelerate the manufacturing and deployment of the next generation of U.S. batteries and electric vehicles in America. Ten million dollars will go to Smith Electric; $30 million to Ford Motor Company; and $5 million to Missouri University of Science and Technology. These grants are part of 48 new advanced battery and electric drive projects President Obama announced today that will receive $2.4 billion under the American Recovery and Reinvestment Act (ARRA) and create tens of thousands of new jobs. (More) (Grants Announcement) (President’s Remarks)
