Energy Budget is Now Law, Includes $814 Million Funding for Green Vehicles, Fuels

In the biggest federal boost for green car development in decades, the 2010 energy budget bill just signed into law by President Obama includes $814 million in funding for various alternative fuel and vehicle programs.

One provision, $283 million for fuel cells and hydrogen fuel, restored more than $100 million that in funds for automotive-specific programs that Energy Secretary Steven Chu initially proposed cutting from the budget.

Chu said at the time he didn't see fuel-cell electric cars as commercially viable in the next 15-20 years.

Automakers and fuel cell developers quickly rallied to persuade Congress that Chu hadn't see the whole picture and promised to have commercial quality fuel cell cars - which use hydrogen for energy production - in the market by 2015.

Other green aspects of the bill include $311 million to help fund various vehicle electrification and advanced internal combustion engine projects and $220 million for advanced biofuel development.

As expected, the bill was cheered by trade groups representing the fuel cell, biofuels and electric drive industries.

Posted by

John O'Dell October 30, 2009, 11:08 AM

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