Yesterday, Think North America tweeted: "President Obama announces new energy tax credits: THINK chosen by U.S. DOE to receive $16.9 million tax credit for new U.S. facilities." The money is part of a new pile of funds – $2.3 billion worth – from the Recovery Act and intended for "clean-tech manufacturing jobs." The official DOE release says Think will use the money to:
This, we have to assume, means that the money will be used in Elkhart, IN. Other funded projects that relate to cleaner vehicles include:Establish a U.S. manufacturing operation/facility (a vehicle assembly operation as well as facilities for fabricating vehicle components) for the Think City light-weight EV-dedicated vehicle for sale throughout North America.
- $700,000 to Aeroenvironment to build a mobile charger "designed for on-road service trucks to provide a quick charge to stranded battery electric vehicles similar to an 'out-of-gas' situation" and advanced battery packs.
- $1.2 million to PPG Industries for lower rolling resistance tires.
- $300,000 to Rogers Foam Automotive Corporation to make "a component to be used in the thermal management system of Lithium Ion Battery assemblies for electrical vehicles."
You can download a list of all awardees here.
[Source: Department of Energy]