The President just spoke at the Edison Electric Vehicle Technical Center in Pomona, California. The Center "provides a broad range of electric transportation services, focusing on solutions for automakers, battery manufacturers, government agencies, business and industrial fleet customers, residential customers and more" – a mission that dovetails perfectly with the President’s vision for green transportation and a green economy. The President explained that in addition to green jobs being a key element of the Recovery Act, it will be a focus of his economic blueprint throughout his presidency:
And that is the forward-thinking purpose of the budget that I submitted to Congress. It's a budget that makes hard choices about where to save and where to spend; that makes overdue investments in education, health care and, yes, in energy -- investments that will catalyze innovation and industry, create green jobs, and launch clean renewable energy companies right here in California.
Over the next three years, we will double this nation's supply of renewable energy. We've also made the largest investment in basic research funding in American history -- an investment that will spur not only new discoveries in energy, but breakthroughs in science and technology. We will invest $15 billion a year to develop technologies like wind power and solar power, advanced biofuels, clean coal, and fuel-efficient cars and trucks that are built right here in the United States of America. (Applause.)
We will soon lay down thousands of miles of power lines that can create new energy in cities and towns across this country. And we will put Americans to work making homes and buildings more efficient so that we can save billions of dollars on our energy bill, just like you've done in California for decades. And we will put 1 million plug-in hybrid vehicles on America's roads by 2015. (Applause.)
He went on to announce the availability of $2.4 billion in funding Americans to work producing next generation Plug-in Hybrid Electric Vehicles and the advanced battery components that will make these vehicles run. The initiative will create tens of thousands of jobs, and Americans who decide to purchase these Plug-in Hybrid vehicles can claim a tax credit of up to $7,500. He went on to announce that:
- The Department of Energy is offering up to $1.5 billion in grants to U.S. based manufacturers to produce these highly efficient batteries and their components.
- The Department of Energy is offering up to $500 million in grants to U.S. based manufacturers to produce other components needed for electric vehicles, such as electric motors and other components.
- The Department of Energy is offering up to $400 million to demonstrate and evaluate Plug-In Hybrids and other electric infrastructure concepts -- like truck stop charging station, electric rail, and training for technicians to build and repair electric vehicles.
Learn more at Energy.gov/Recovery.