Saturday, September 01, 2012

$2 Billion in Grants to Speed Up Electric Car Manufacturing - NYTimes.com


The Volt, the coming electric car from General Motors, which will have a small gasoline engine and also draw energy from a wall socket, dominated the grants.

G.M. received $106 million for the production of battery packs for the car, which is planned for next year and is supposed to go the first 40 miles each day on electricity and the rest on gasoline. G.M. will make the packs in Brownstown, Mich.

In addition, G.M. received $30 million to build 125 Volts for electric utilities and 500 more for other consumers to use as a test fleet. That comes to nearly $49,000 a vehicle.

And it received $105 million for construction of factories to produce a second generation of electric vehicles, with rear-wheel drive, in White Marsh, Md., and Wixom, Mich. (The Volt is front-wheel drive.)

---SPSmith

No comments: