DOE Ups Investment in Electric Vehicle Infrastructure
These technologies will decrease carbon emissions and support DOE's EV Everywhere Grand Challenge to make plug-in electric vehicles as affordable to own and operate as gasoline-powered vehicles by 2022.
U.S. Department of Energy Secretary Ernest Moniz recently announced $58 million in additional funding for vehicle technology advancements and released a report highlighting the success of the department's Advanced Technology Vehicles Manufacturing loan program. He announced a $55 million funding opportunity that will solicit projects across vehicle technologies such as energy storage, electric drive systems, materials, fuels and lubricants, and advanced combustion, as well as two projects at CALSTART and the National Association of Regional Councils. They will receive $3 million to develop systems that help companies combine their purchasing of advanced vehicles, components, and infrastructure.
These technologies will help save American consumers money, decrease carbon emissions, and support DOE's EV Everywhere Grand Challenge to make plug-in electric vehicles as affordable to own and operate as gasoline-powered vehicles by 2022.
"Our work refining cars that are efficient, affordable, and can plug into the grid will also help propel us to even greater progress on reducing pollution and boosting energy security," Moniz said. "These successful investments in next-generation vehicle technologies are a clear example of the impact innovation can have on industry and consumers."
To date, the ATVM loan program has invested $8 billion in supporting the production of more than 4 million fuel-efficient cars and creating more than 35,000 direct jobs. For more information and application requirements, visit grants.gov. The ATVM report is available at DOE's website, energy.gov.