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Ford asks, DOE delivers: U.S. will spend $30m to fund PHEV development

Just yesterday, Ford's Mark Fields gave a speech in Washington, D.C. asking for U.S. government help in developing plug-in hybrids. Today, the Department Of Energy announced a $30m, three-year, three-project PHEV funding program that is intended to help create vehicles that can drive 40 miles on battery power. ETA of these vehicles is "cost-competitive by 2014 and ready for commercialization by 2016." The three PHEV projects are: General Motors has been selected for negotiation of an award for a project aimed at enhancement of Lithium-Ion ... Read more →

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