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The State of Texas will submit a bid to become the headquarters for an advanced battery consortium that is seeking $1 billion in Federal stimulus money to develop technology for the next generation of hybrid electric vehicles. Initial funding would come from money provided by ARRA 2009 ( earlier post ).
Kentucky was selected over Texas, Illinois, Kansas, Missouri, New York, Pennsylvania and South Carolina. Under the federal stimulus plan, the Obama administration has set aside $2 billion for electric drive vehicle battery and component manufacturing projects. Earlier post.).
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