DoE new round if funds for EV

$120 Million For Electric Cars From The Department of Energy

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You can’t say this administration hasn’t favored the mass adoption of electric cars and likened technologies. But is this latest fund another last minute try before the November election?

This administration has been good for electric cars, EV in general and has pushed for the adoption of plug-in hybrids, PHEV. The latest news stream of plug-in hybrids to hit the market this week has been overwhelming. No less than four companies, adding to the Chevy Volt, upcoming Ford Fusion and C-MAX plug-in hybrids, Mitsubishi Outlander PHEV and others in the work. So what is this latest drop in the bucket from the DoE going to do?

The EV Project. The EV Project wants to hand out 14,000 free electric vehicle chargers, including commercial host stations and home smart chargers so that electric vehicles can be charged at homes. The goal is worthy but as with any endeavors as such, you need funds to deliver the goods. Steps in the DoE. With Ecotality’s presence in nine states, Arizona, California, Georgia, Illinois, Oregon, Pennsylvania, Tennessee, Texas and Washington, the grant is part of the American Recovery and Reinvestment Act. What is the American Recovery and Reinvestment Act? It aims to stimulate the economy with the current administration and Congress investing in programs creating jobs and other green investments.

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