Battery Development Included In Obama’s Proposed Stimulus
President-elect Obama
On top of the million and one items already covered in the proposed $800 billion stimulus bill, President-elect Obama and the U.S. House of Representatives are apparently planning to set aside a hefty sum to go toward the research and development of more advanced battery systems.
While an exact figure has yet to be put out on the proposed bill, our friends at Goodcleantech have reported the figure to be in the range of “at least $1 billion in funding for a broad-based manufacturing support program.”
The motives behind the allotment for the development of advanced batteries would basically be two-fold:
First, applying this technology is in large part the greatest hope for the turnaround of the United States lagging auto industry. Lithium-ion batteries are being hailed as the future of the auto industry, making it beneficial for us to be at the forefront of the development and manufacturing of such battery technology. We are desperately trying to ween ourselves off of foreign oil, and moving toward a more fuel-efficient automobile will be a huge step in this process.
Secondly, it’s no secret that the massive amount of lost jobs are weighing heavy on this weak and fragile economy. If Lithium-ion batteries really are the future, what a better way to create job opportunities than developing a large scale manufacturing system right here in the United States.
As we move toward inauguration day and more details of the proposed stimulus come out, we’ll be sure to keep you posted on all of the developments.
Category: Battery News
[...] the state of Michigan. Even the new leadership of the United States, namely President Barack Obama, have pledged millions to the development of of new battery technology in their upcoming economic stimulus package. And that’s just scratching the surface of what [...]
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