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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More bad news for you Mick
By bill4 on 7/14/2010 1:49:59 PM , Rating: 3
Slate: New poll numbers devastating for Obama

Economists may say, yes, the economy is recovering (maybe), but the country says no. Only 25 percent say the economy is improving, according to a recent CBS survey. That's just one of the dark findings for the administration in a slew of recent polls that suggest that the administration's summer tour will do little to improve the president's political fortunes and those of his party.

Three polls that came out in the last two days offer discouraging news for the White House. In the Washington Post/ABC News poll, public confidence in the president has hit a new low. Six in 10 voters say they lack faith in the president. In a CBS News poll, 54 percent of the country disapprove of his handling of the economy, the highest number to date. In a Pew Research Center/National Journal poll, the number of Americans who approve of the president's health care legislation, the signature achievement of his presidency so far, sits at an anemic 35 percent.

Candidate Obama used to joke about rays of sunshine coming in when he started to speak. Now he brings the clouds. He's spent a great deal of time talking about the Recovery Act and health care reform, but the political fortunes of those programs are dismal, which suggests his ability to persuade and change minds is seriously damaged.

Ouch Mick, just ouch.

But if you post more pics of a triumphant looking Obama Mick, and hug your Obama teddy bear tighter and post more about electric cars, maybe it will be OK Jason. Except it wont. The American public has seen through Obama and his media owned lackeys like you.

RE: More bad news for you Mick
By bill4 on 7/14/2010 1:59:46 PM , Rating: 4
How long before liberals cut and run from Obama like they did Gore, Kerry, and a slew of other losers as soon as their value to the cause was exhausted?

Obama is the Democrats Bush, except possibly even less popular. He's setting you guys back 20 years with his incompetence.

The only difference is Obama's unpopularity is of course not hammered home by the left wing mainstream media all the time, like Bush's was. But the fact is the public dislike of Obama is stunning.

RE: More bad news for you Mick
By YashBudini on 7/14/2010 11:47:30 PM , Rating: 1
"Candidate Obama used to joke about rays of sunshine coming in when he started to speak. Now he brings the clouds."

Please explain the scientific significance of this statement. I've taken statistics courses and none of them covered clouds.

By monkeyman1140 on 7/16/2010 12:15:27 AM , Rating: 2
Only republicans would be cheering the demise of America's economy.

Their lust for power is greater than their patriotism.

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