Print 108 comment(s) - last by monkeyman1140.. on Jul 16 at 12:15 AM

GE WattStation  (Source: GE)

Ford announced that Compact Power would be producing the batteries for its electric Ford Focus.  (Source: Ford via Autoblog)

Obama was visiting Michigan today, promoting his plans to develop $10,000 EVs by 2015.  (Source: Detroit News)
President and his staff hit the road to promote the over $2.4B USD in federal money they're offering auto companies

U.S. President Barack Obama certainly isn't setting modest goals when it comes to electric vehicles.  The President is taking a gamble, pouring over $2.4B USD into the budding industry.  A 100-mile range battery EV today costs around $33,000 USD to make, but Obama hopes to drop that cost to $16,000 by 2013 and $10,000 by 2015.

President Obama was visiting Michigan this week to check in on many pending battery projects that are receiving a piece of that $2.4B USD pie.

Among the events he attended was the groundbreaking ceremony in Holland, Michigan of a Compact Power Inc. plant that will be used to provide batteries for the Chevy Volt.  Compact Power, owned by South Korea's LG, announced news more big news at the ceremony -- Ford picked it to produce batteries for the plug-in Ford Focus.  

The plant will cost $303M USD to build, but the government will be chipping in $151M USD.  The plant is expected to employ 450 workers by 2013 according to the Obama administration.  The jobs are expected to pay $14, providing a decent standard of living to workers.

Obama also checked out Johnson Controls-Saft's new $220M lithium-ion battery plant, also in Holland, Michigan.  That plant may prove to be a key competitor to Compact Power in the near future, and is also receiving federal stimulus funding.

On Friday, Energy Secretary Steven Chu will visit Delphi Automotive in Kokomo, Indiana.  Delphi is one of the auto industry's top suppliers.  The U.S. government is offering it $89M USD in grants to develop new components for electric vehicles.

Meanwhile, Ed Montgomery, executive director of the White House Council on Automotive Communities and Workers, will be visiting General Motor's new plant in in White Marsh, Maryland.  While GM will buy battery cells from suppliers like Compact Power, it will assemble its own battery packs and supporting systems in house at this new plant.  GM is receiving $241M USD in federal funding for its EV efforts in total, including $106M USD towards this new plant.

Charlotte, North Carolina-based Celgard will be receiving a visit from Labor Secretary Hilda Solis.  Celgard will receive $49M USD in stimulus money, which will allow it hire 100 employees, open a plant, and reach production.

While grants to promote the actual manufacturing of electric vehicles and their battery systems are one key aspect of Obama's efforts, another major component is the creation of electrical vehicle charging stations.  By spreading EV chargers out like gas stations, the range of EVs can effectively be extended.

Companies like Coulomb Technologies will be deploying the stations across the country later this year and next year.  New York-based Coulomb is receiving a $15M USD stimulus grant to spread 4,600 such stations in nine cities by September 2011.  That's a big chunk of the 20,000 station Obama hopes to deploy by 2012 (there are currently 500 such stations in the U.S.).

The goals are lofty -- Obama is shooting for over 20,000 electric vehicle stations, 1 million EVs on the road, and bargain EV prices of $10,000 per vehicle by 2015.  In short, he's trying to completely reinvent the American auto industry, much of which essentially collapsed during the recent recession.  

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This will hurt the economy more
By bill4 on 7/14/2010 1:35:49 PM , Rating: 5
Mick, slobber some more over Obama's cock, ok?

Anyway, this will destroy the economy even more, government spending never creates jobs only destroys them. It will also cause a lot more pollution, since electric cars pollute far more than gas burning ones.

Heres an article about how unpopular Obama is because of the environmentalist devastated economy Mick:

RE: This will hurt the economy more
By bill4 on 7/14/2010 1:41:29 PM , Rating: 2
I'll be sure to post the bad news for Democrats in a lot of your articles Mick, lolololololololololololol

CO2 caps have destroyed all jobs. No jobs equals no votes for Democrat incumbents. Equals Republicans win and remove CO2 caps.

RE: This will hurt the economy more
By YashBudini on 7/14/2010 11:49:20 PM , Rating: 1
"CO2 caps have destroyed all jobs."

Really? I'll bet Wall St scum is relieved about that.

RE: This will hurt the economy more
By Spuke on 7/15/2010 3:27:48 PM , Rating: 2
WTH is he talking about? There aren't any CO2 caps (yet). And hopefully there won't be any. Won't stop CA from implementing their own although the Governor wants to put a hold on it until unemployment is under a certain percentage.

RE: This will hurt the economy more
By Dorkyman on 7/14/10, Rating: -1
RE: This will hurt the economy more
By moenkopi on 7/14/2010 4:52:23 PM , Rating: 1
electric cars pollute far more than gas burning ones? WTF ARE YOU EVEN DOING HERE? this blog is far intelligent people!
electric motors are close to 85% efficient while gas motors are 17% efficient, even burning coal is more efficient because coal is usually used as a base load energy source, so even if 30% of the electric cars are charged during night time hours, then they can soak up the unused energy at night. Nevertheless, a large point source coal generator is more easy to filter than a small one from an ICE car.

RE: This will hurt the economy more
By Bateluer on 7/15/2010 2:16:54 AM , Rating: 2
You're overlooking the manufacturing and mining processes for the batteries required in EVs. Its not exactly a 'green' process.

On the open road, the EV is probably cleaner than the ICE, but there's the production, and disposal, of the batteries that must be considered too.

By monkeyman1140 on 7/16/2010 12:09:17 AM , Rating: 2
And how is this any different from the manufacture of internal combustion engines? You can crank out batteries easily, its not complex technology. electric motors are simple to make.

Internal combustion engines are remarkably complex, and require constant maintenance.

"It's okay. The scenarios aren't that clear. But it's good looking. [Steve Jobs] does good design, and [the iPad] is absolutely a good example of that." -- Bill Gates on the Apple iPad

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