Four Big Names to a $30 million Project

Filed Under (Cars, Innovations, News) by admin on 12-06-2008

With the rising costs of petroleum products in the market and the growing environmental problems involving air pollution, several efforts are made to develop cars or plug-ins that will make an auto with better efficiency and less energy required.

Electric Powered Cars

The Department of Energy commits the organization to a $30 million effort along with Ford, General Motors, and General Electric to let plug-in electric cars hit the market by the year 2014. These electric cars are expected to be able to drive 40 miles on a single charge.

According to the assistant secretary of Energy Efficiency and Renewable Energy Andy Karsner, this project is a combined effort of both the public and private sectors to minimize dependence of the country to imported petroleum products as well as address the concern regarding global warming.

General Motors would try to improve the charging system and battery packs of cars while Ford is in-charged with catalyzing the production of plug-in hybrids while improving batteries and building models for the vehicles. General Electric on the other hand will work with Chrysler and will develop dual-battery system to enable the car to run for 40 miles by just electrically charging it once.

The government and the companies will split the cost for this project.

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Filed Under (Business, Cars, Communications, Computers, Console Games, Data Storage, Education, Entertainment, Gadgets, Hardware, Home Appliances, Innovations, Internet, News, References, Robotics, Security, Shopping, Software, Space, Uncategorized) by admin on 18-03-2008

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