The U.S. Energy Department will award nearly $300 million to a clean cities program to help communities buy alternative-fuel vehicles, Vice President Joe Biden and Energy Secretary Steven Chu said on Wednesday.
Honda Motor Co Ltd plans to develop an electric car to debut in the U.S. market by around 2015 as tighter environmental regulations push demand for zero-emission vehicles, the Nikkei newspaper said on Saturday.
A spokesperson for the company, Japan's No. 2 automaker, said it was developing an electric car but had not decided when to launch it.
German Chancellor Angela Merkel's cabinet on Wednesday agreed a plan to get a million electric cars on Germany's roads by 2020 and transform the country into the world's top electric car market.
The plan includes 500 million euros ($705.1 million) of funding for the construction of electric charging stations and programs to boost battery technology in Europe's biggest auto market.
As makers from Tesla to Nissan Motor Co (7201.T) jockey to dominate the next generation electric-powered cars, a fight on which companies will control the lucrative market to fuel them is just getting started.
U.S. President Barack Obama aims to put a million electric vehicles on the road by 2015 as part of the new U.S. effort to cut greenhouse gas emissions linked to global warming.
LG Chem Ltd will have the capacity to build battery cells that could support up to 250,000 electric vehicles in the United States when its first U.S. plant becomes fully operational in 2013, the chief of the U.S. unit said on Thursday.
Riding the vogue for eco-conscious products, companies ranging from battery to tire to motorcycle makers in Japan are looking to cultivate a market that beats even hybrid cars in green credentials: electric bicycles.
Three automakers, including the Ford Motor Company, will get the first $8 billion from a $25 billion loan program intended to accelerate development of more fuel-efficient vehicles, the national energy secretary said Tuesday.
