Saying the administration hopes to “spark…whole new industries,” Vice President Joe Biden outlined the White House goal of getting 1 million plug-in hybrids on the road.
Since taking office in January 2009, President Barack Obama has expressed strong support for the nation’s nascent battery industry – the administration providing billions of dollars of financial assistance, in both grants and loans, to spur the development of advanced batteries and the vehicles that will put them on the road.
The White House wants to nearly double federal subsidies to buyers, make it easy for customers to collect those payments, and then provide as much as $200 million in assistance to as many as 30 cities to put in place the infrastructure to support a growing fleet of battery cars.
The payoff will be felt not just by the environment but by a nation looking to create jobs, Vice President Biden suggested, during a tour of the New York-based lithium-ion battery manufacturer Ener1.
“We’re not just creating new jobs, but sparking whole new industries that will ensure our competitiveness for decades to come — industries like electric vehicle manufacturing,” said the Vice President.