Obama announces $2.4 billion in battery grants

The money will be spent for R&R on advanced battery design, electric vehicle infrastructure, and college education programs.

Some are wondering why Detroit gets a healthy share of the grant money. Um, because they want to make EVs and could sure use a financial jump start or two? The Chevy Volt could be a big beneficiary here, and that in turn could put lots of EVs on the road. Good. This is precisely what stimulus money should do, give boosts to promising cleantech technologies.

WhiteHouse.gov has the press release and full list of who gets the money.