Following up on a pledge made during his State of the Union address to “shift our cars and trucks off oil for good,” President Barack Obama is seeking Congressional approval for a $2 billion energy trust fund to support the development of advanced vehicle technologies.
The request could be a challenge to achieve considering the current, highly partisan situation in Washington, where even the military has fallen victim to Congressional gridlock. An earlier Obama Administration program focusing on battery propulsion was effectively shut down by Republican opponents after some high-profile problems.
The White House nonetheless hopes to sidestep the ongoing federal budget debate by promising the requested funding “would be set aside from royalty revenues generated by oil and gas development in federal waters of the Outer Continental Shelf.” That could be a salve to those who have demanded the White House continues to expand oil and gas drilling. There are already some signs of support from Republicans.