Department of Energy Releases New Report on Economic Impact of Recovery Act Advanced Vehicle Investments
Report Finds Recovery Act Advanced Vehicle Projects Are Creating Jobs, Spurring Private Capital Investment and Cutting Electric Vehicle Cost
WASHINGTON, DC - Ahead of President Obama's trip to Holland, MI tomorrow for the official groundbreaking of the new Compact Power plant, the Department of Energy today released a new report on the economic impact of Recovery Act investments in advanced batteries and vehicles. The report, "Recovery Act Investments: Transforming America's Transportation Sector," documents how Recovery Act funds are being matched with private capital to create new jobs, construct new plants, add new manufacturing lines, install electric vehicle charging stations across the country and help build the emerging domestic electric vehicle industry from the ground up.