With congressional leaders and the incoming Obama administration working on a new economic stimulus package, everyone is angling for a piece of the pie. That includes car and battery manufacturers. With politicians pushing hard for even more stringent fuel economy and CO2 regulations as well as directly pressuring the Detroit car companies to build plug-in vehicles in exchange for financial aid, battery development needs to be accelerated. John Dingell (D-MI) and the rest of the Michigan delegation are preparing to push for at least $1 billion in funding for advanced batteries. Exactly how that will be funded is still unclear. It could come from the existing $25 billion that was allocated in the 2007 energy bill and there have also been proposals to double that funding. In addition to the $1 billion for research and development, additional funds will likely be needed to pay for putting in manufacturing capacity for batteries.

[Source: Detroit News]

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