The U.S. Department of Energy (DOE) says it will provide more than $175 million over the next three to five years to accelerate the development and deployment of advanced vehicle technologies.
The funding will support 40 projects across 15 states and will help improve the fuel efficiency of next-generation vehicles. The projects will target new innovations throughout the vehicle, including better fuels and lubricants, lighter-weight materials, longer-lasting and cheaper electric vehicle batteries and components, more efficient engine technologies, and more.
The funds will leverage additional investments by the grantees to support projects totaling more than $300 million, the DOE adds.
Complete details of the program can be found HERE.