DETROIT, MI – The Obama administration says 11 Michigan manufacturers and research facilities will receive more than $1,000,000,000 of $2,400,000,000 in grants for development of the next generation of electric vehicles and batteries, more than any other state.
Michigan and Indiana combined will receive the largest portion of the grant money. Battery makers, along with General Motors, Ford, Chrysler LLC and Dow Chemical Company are receiving grants.
Recipients and the specific amounts are being formally announced by President Barack Obama in Wakarusa, Indiana, and by Vice President Joe Biden in Detroit.
Matt Rogers, senior adviser to Energy Secretary Stephen Chu, told reporters during a briefing Tuesday that the 48 projects in 25 states will create or retain tens of thousands of jobs.