Barack Obama, Electric Cars | featured news

Obama urges Congress to earmark $2bn for electric car research

Barack Obama will use a visit to a Chicago-area lab on Friday to call on Congress to set aside $2bn over the next decade to fund research into a next generation of electric cars. The White House said the Energy Security Trust, which Obama first proposed in his state of the union address, would use royalties from offshore oil and gas drilling in public waters and would not add to the deficit.

 

Obama to announce $2.4 billion in electric vehicle grants

Obama to announce $2.4 billion in electric vehicle grants

The goal of getting the US solidly back into the race to become the leader in the production of electric cars gets a boost today. President Obama is headed for Indiana this morning where he will announce $2.4 billion in funding for electric vehicle ...

 

Feds lend Tesla $465M for electric car

The Obama Administration will lend Tesla Motors $465 million to build an electric sedan and the battery packs needed to propel it.

 

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