Senator Evan Bayh proposes $1.6B investment in battery manufacturing, smart grid and EVs
Bayh and a dozen other Senators sent a letter to Senate majority leader Harry Reid (D-NV) making the proposal. Investments in battery and grid technology and manufacturing are critical to ensure that plug-in vehicles are economically viable as well as making sure that America doesn't trade foreign oil dependency for foreign battery dependency. Currently, the majority of batteries for electric and plug-in vehicles are being sourced from overseas, mainly Japan. Smart-grid technology with bi-directional communication and power flow is also critical to allow for public charging and vehicle to grid energy flow.
[Source: Senator Evan Bayh]
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