Electric Car Federal Grants May Contribute to Funding Increase

Serving Los Angeles, Riverside, Ventura, San Bernardino Counties & Nearby Areas of California

$2.4 billion dollars in federal grants that will go towards the production of electric cars was announced on August 5, 2009 by President Obama while in the state of Indiana. According to a report from the LA Times website, the large sum is to go toward reducing oil imports and lowering greenhouse gas emissions. The money will be split up in the following ways:

 

 

  • $1.5 billion – for production of advanced batteries that could allow electric cars to drive long distances on a single charge;
  • $500 million – for drive trains for electric cars; and
  • $400 million – to purchase and support thousands of electric vehicles that will serve as demonstration models.

Thanks to a near $800 billion economic stimulus bill that Congress passed earlier this year, the reported sum will be made available to help our nation’s environmental goals progress and stimulate the auto industry. Living in a competitive world, the federal grants could launch the U.S. into world leadership for the production of electric cars.

As a follow-up to his May proposal of strict new federal standards for greenhouse gas emissions for trucks and cars, President Obama has introduced the means for automakers to create a new generation of high-efficiency vehicles that can be more readily available to consumers. Another positive twist on the “single largest investment in advanced battery technology for hybrid and electric-drive vehicles ever made” is that an estimated tens of thousands of manufacturing jobs will be created.

As highly dependent on our vehicles, going green is a necessity more than ever before. Energy-friendly cars are a much more common occurrence these days, and, with the new federal grants, it’s only a matter of time before these numbers increase even more.

With such innovations in auto production on the horizon, the production of less energy efficient vehicles may not be as closely scrutinized as it has been, and so-called “lemons” may find their way onto our roads. If you have purchased a new vehicle and have had to pay for repairs for the same problem multiple times, but the problem never seems to resolve, you may have purchased a lemon. Under the lemon law in California, you have the right to seek either a full refund or an exchange from the dealer who sold you the vehicle.

For more information regarding the California lemon law and what can be done about your vehicle, call skilled lemon law attorney Howard D. Silver today at (855) 341-2611 for a free consultation.

Posted Date: 
Wednesday, September 2, 2009
Category: