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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. Statesman.com. Initial funding would come from money provided by ARRA 2009 ( earlier post ).
SEV-US plans to participate in similar funding programs in California, Missouri, New York and Texas. We’re involved in this initiative to help our customers with fleet operations in Ohio take full advantage of the benefits the ARRA federal stimulus plan has to offer for the adoption of zero-emission all-electric commercial vehicles.
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.
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