Obama Invests $2.4 Billion in NextGen Plug-in Hybrids, Batteries

To produce the next generation of plug-in hybrid electric vehicles and the advanced battery components that will make these vehicles run, President Barack Obama Thursday announced $2.4 billion in economic stimulus funding from the American Recovery and Reinvestment Act.

“This investment will not only reduce our dependence on foreign oil, it will put Americans back to work,” President Obama said while touring Southern California Edison’s Electric Vehicle Center in Pomona, California. “It positions American manufacturers on the cutting edge of innovation and solving our energy challenges.”
ENS