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Chrysler Wants $224 Million from U.S. for EVs

If granted, the company will match the federal money.

by on May.26, 2009

Bob Nardelli, Chairman and CEO, Chrysler LLC, introduces the Jeep EV and Dodge EV to automotive journalists at the Company's World Headquarters in September of 2008. Chrysler LLC announced today that it has packaged new, production-intent advanced electric-drive technology in three different vehicles - one for each of its brands, Chrysler, Jeep and Dodge. Chrysler said at least one model is targeted to be produced in 2010 for consumers in North American markets, and in European markets after 2010. The Dodge EV is an all-electric sports car. The Jeep EV is a Range-extended Electric Vehicle with Wrangler capability.

In September of 2008, Chrysler said that at least one model was targeted to be produced in 2010 for consumers in North American markets. The Dodge EV is an all-electric sports car. The Jeep EV is a "range-extended" electric vehicle.

Chrysler LLC is asking the U.S. Department of Energy for $224 million from the department’s Transportation Electrification Initiative to finance the development of electric vehicles (EVs). It joins a long list of competitors also seeking federal funds.

The list of vehicles targeted from the program includes the Dodge Ram 1500 Plug-in Hybrid-electric Vehicles (PHEV), Chrysler Town & Country PHEVs and Chrysler Town & Country Electric Vehicles.

“Department of Energy (DOE) initiatives aimed at vehicle electrification “demonstrates how Chrysler LLC, with its partners and the DOE, can work together to promote technological innovation and energy independence in the United States,” Chrysler said.

Chrysler LLC applied for two programs established by the DOE: the Electric Drive Vehicle Battery and Component Manufacturing Initiative; and the Transportation Electrification Initiative.

Both are designed to speed up development, demonstration, evaluation and manufacturing of EVs and PHEVs. The programs represent a 50/50 cost-share opportunity with $224 million from Chrysler LLC and its partners, combined with a matching $224 million from the DOE. These funds will accelerate the market introduction and penetration of advanced powertrains.    (more…)