Green Harbor

The Obama administration may be catching some flack by supposedly turning down a lot of new Green proposals, but they are making good on their promise to fund electric and hybrid vehicles research and development.

But, do not worry, this is not an extra $2.4 billion on top of everything else we have spent money on already. These funds are being released by the Department of Energy from the American Recovery and Reinvestment Act. The funds were awarded to 48 different recipients and will hopefully advance the administration’s goal of 1 million hybrid electric vehicles on the road by 2015.

The funds were awarded to U.S. based manufacturers, automakers, universities, and battery developers. The funds were also divided with $1.5 billion going to manufacturers, $500 million to electric drive components, and $400 million to education and workforce training.

The disbursement of funds is spread out over 20 states and all recipients agree to match whatever amount of funds they receive from the federal government. Johnson Controls was awarded the largest amount of funds with a total of $299.2 million. General Motors also received a significant amount of federal funds for Volt production.

It is the hope that these funds will help the U.S. automotive sector move to the forefront of the electric hybrid vehicle development, create new Green Collar Jobs, and develop new and innovative, Green technologies.

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• President Obama Finally Makes a Move on the Environment
• U.S. Department of Energy Closes on $1.4 Billion Loan to Nissan for Leaf Development in the U.S.