$2.4 Billion EV Stimulus Funding: GM RWD EVs?
GM will receive some $241 million of the government’s $2.4 billion electric vehicle (EV) stimulus grants, most of it for the “ on-time and under-budget” Chevy Volt program. Other grant recipients were Chrysler ($70m), Ford ($92.7m), JCI ($299m), A123 ($249m), Compact Power ($151.4m, on behalf of LG Chem, the South Korean supplier of Chevy Volt batteries), and the National Fire Protection Association ($4.4m). Full breakdown in PDF format here. But what makes this otherwise routine subsidizing of particular interest, it’s that GM is spending its non-Volt money on . . . get this . . .
To the tune of $105 million. No kidding. Read the PDF. Then let the reckless speculation begin!
More by Edward Niedermeyer
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In-wheel motor systems are being actively developed, see for example: http://www.hipadrive.com/sema.html This would be great. Have a motor problem? Just swap the wheel and be on your way...
I like petroleum better.
durability is already there* *depending on battery, electric engines are bullet proof compared with gasoline engines