Agoracom Blog

US Dept Of Energy Investing $30M For “Plug In” Hybrid By 2014

Posted by AGORACOM at 2:22 AM on Friday, June 13th, 2008

Here is the actual intro from the article:

The Department of Energy announced a $30 million effort Thursday with Ford, General Motors, and General Electric to bring to market by 2014 plug-in hybrid electric cars that drive 40 miles on a single charge.

Now, is it me or does $30m sound like a drop in the bucket?

Furthermore, Toyota is planning to release a plug in hybrid by 2010.

Is this a day late and a dollar short?

Either way, this is great news for companies like Avalon Ventures – an AGORACOM client.


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