11 Aug '11, 9am

Obama pumps $175m into green car sector

The Obama administration yesterday stepped up efforts to curb emissions from America's auto fleet, announcing plans to provide more than $175m in fresh funding to support the development of clean and electric car technologies. Following on from this month's announcement of new fuel efficiency standards for cars and trucks ā€“ a move President Obama hailed as "the single most important step we've ever taken as a nation to reduce our dependence on foreign oil" ā€“ the US Department of Energy announced that $175m of funding would be provided over the next three to five years to 40 different projects across 15 states. FURTHER READING Democrats pledge to make energy a "signature issue" Green groups urge US 'super-committee' to take on oil industry tax breaks "The Department of Energy is investing in new advanced technologies that will significantly improve vehicle fuel economy, sav...

Full article: http://www.businessgreen.com/bg/news/2101001/obama-pumps-...

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