Obama bets US$2.4 billion on battery-electric vehicles

Awesome news: battery technology is about to get a US$2.4 billion-dollar kick in the pants. US President Barack Obama has announced the single largest funds injection into battery development and electric/hybrid vehicle technology the world has ever seen. Obama's hope is that this huge chunk of stimulus funds will be enough to knock down the biggest wall standing between electric vehicles and the mainstream: the fact that current batteries are still too expensive, take too long to charge, and don't hold enough energy. If the move succeeds, it could put America right at the front of the electric car revolution - but at the least, it could help the next generation of iPhones last more than a day between charges.

« Back to Obama bets US$2.4 billion on battery-electric vehicles