U.S. DOE announces $30 million plug-in hybrid fundEnlarge Photo
The three companies chosen to receive the grants include General Motors, Ford and General Electric. The GM project will work on lithium-ion battery packs and their integration into both the vehicle and home charging system. The PHEVs developed through this program will be deployed to a demonstration fleet in three U.S. regions. Ford's project will focus on speeding up mass-production of PHEVs including streamlining the design and manufacturing processes of key elements. General Electric's portion of the fund will go toward the development of the new dual-battery technology energy storage system the company is developing with Chrysler.
Although the funds pale in comparison to the $500 million Green Car Innovation Fund recently established by Australia's government, the DOE project hopes to kick-start work on PHEVs with the goal of reaching cost-competitiveness with more conventional solutions by 2014 and commercial viability by 2016.
Those dates will place the DOE project vehicles well behind the Chevrolet Volt and Toyota's recently announced PHEV, not to mention Nissan's planned EV, all set to arrive in 2010. But the DOE is also taking steps to help boost the present profile of PHEVs by adopting a Ford Escape FlexFuel PHEV into its fleet.