Electrovaya receives $5M grant from Canadian goverment for PHEV Dodge Ram project
As we've mentioned before, the Canadian-based Electrovaya will supply the lithium-ion batteries for the test fleet of PHEV Rams. Now, the Canadian government has stepped in with monetary support to help quicken the pace of development for the plug-in Ram and other future PHEV trucks. Sustainable Development Technology Canada has provided Electrovaya with a $5 million grant to help the company further develop its advanced energy storage systems for plug-in hybrid trucks.
The additional funds won't be funneled entirely towards the PHEV Ram test fleet, but it's likely that it and many other future plug-in hybrid trucks will reap the benefits of Electrovaya's li-ion research and development... now funded by our friendly neighbors to the north.
[Source: Green Car Advisor]
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