At least $175 million in funding has been awarded to several companies by the U.S. Department of Energy to support research and projects that hasten the development of advanced vehicle technologies.
The funding will sustain 40 projects across 15 states that focused at enhancing the fuel efficiency of future trucks and cars. The administration of Obama has proposed to set 54.5 miles per gallon as the corporate average fuel economy requirements by the 2025 model year.
On Thursday, President Obama is set to join a ground-breaking rite for the new Holland lithium-ion battery plant of Johnson Control Inc. in Michigan to highlight jobs in "clean" car technologies.
The government-backed projects, which were chosen from among 400 applicants, will focus on a massive assortment of solutions, including better lubricant and fuels, efficient engine technologies, longer-lasting and cheaper EV batteries, and lighter weight materials.
One of the companies receiving the funding is Ford Motor Co., which obtained $2.7 million for two projects that deal with enhancing motor friction and engine combustion strategies.
In addition, General Motors gained $14 million for two projects to produce low-cost power modules for EVs as well as thermoelectric generator system which converts waste heat into electric power.
Moreover, Denso International America Inc. obtained $2.6 million in funding to decrease battery pack size and enhance temperature management for EVs. Chrysler Group LLC, furthermore, received $10 million in funding to manufacture lightweight materials which are designed to reduce a vehicle’s weight in half. As part of the terms of accepting the funding, the chosen companies must match the amount they receive dollar-for-dollar.