Over at Motley Fool, Travis Hoium argues that there's a right way and a wrong way to jump on the electric vehicle investment bandwagon.
Electric Vehicle Investment
It looks like Germany won't be jumping into the race to see who can provide the biggest subsidies for purchases of plug-in vehicles. At the launch of the National Program for Electric Mobility in Berlin on Monday, German officials said that federal funding would instead go toward research programs to advance the technology. The program has already given €500 million to more than 150 projects.
In the message-appropriate setting of the Southern California Edison Electric Vehicle Technical Center, President Obama announced yesterday the availability of $2.4 billion to aid the development of plug-in cars and the infrastructure required to keep them charged. The money will come from the American Recovery and Reinvestment Act of 2009 (ARRA) and is divided into 3 parts.