Sunday, March 22, 2009

Obama's Electric Vehicles Plan: $2.4 Billion in New Grants

By Dave Burdick for the Huffington Post

President Barack Obama announced $2.4 billion in new grants for electric vehicle developments, which will come from the $787 billion in stimulus funds.

"We can let the jobs of tomorrow be created abroad or we can create them here in America and lay the foundation for lasting prosperity," Obama said on the second day of a campaign-style swing in California.

He set a target of putting a million of the environmentally friendly vehicles on US roads by 2015.

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