DOE announces $60M to accelerate advanced vehicle technologies research
Green Car Congress
DECEMBER 11, 2020
VTO-funded research has reduced the cost of advanced batteries by 75% since 2008, and nearly every plug-in electric vehicle (PEV) on the road today uses VTO-developed battery technology. DOE is working to lower the cost of the power electronics and motors in an EV to $7/kW by 2022 from $30/kW in 2012.
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