The Department of Energy has pledged more than $175 million over the next three to five years to accelerate the development and deployment of advanced vehicle technologies, Energy Secretary Steven Chu announced yesterday.
The funding will support 40 projects across 15 states with aims of helping vehicle fuel efficiency in the next generation of vehicles.
“The Department of Energy is investing in new advanced technologies that will significantly improve vehicle fuel economy, save consumers money, and create skilled jobs for Americans,” said Secretary Chu. “Investments in the next generation of autos will strengthen our economy and lead to a more fuel-efficient, clean energy future.”
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. This comprehensive approach to vehicle efficiency research and development will help ensure the technologies are available to help automakers achieve recently announced fuel efficiency standards, according to the agency.