$10 million For First Company to Create 500-Mile Electric Car Battery

Posted on June 7, 2010
Filed Under Electric Vehicles |

By Brandon Rose

1120972_raw_power_1The House and Senate are working on the Electric Drive Vehicle Deployment Act of 2010. This will help implement electric vehicles in an epic way.

The Senate version contains a $10 million award to the first company to develop a commercially viable battery with a range of 500 miles or more on a single charge.

This is a great reward for a difficult task. However, many people argue that this is a waste of funds. Many gasoline-powered vehicles fail to approach 500 miles on a single tank. How much time would it take to charge a battery with such range?

Also, many consumers want cheaper electric vehicles. An electric vehicle with this kind of range, I would suspect, would be quite expensive. But it’s nice to know that the Congress has realized the importance of promoting electric-drive vehicles. This incentive could definitely push companies to figure out how to advance batteries being installed in electric vehicles.

What do you think about America’s progress in electric vehicle technology? Sound off in the comments.

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3 Comments so far
  1. bonz June 7, 2010 12:22 pm

    I need me an electric car. Whoever wrote this blog knows what he’s doing

  2. Deborah Simon June 7, 2010 3:21 pm

    Dear Mr. Rose,
    I thoroughly enjoyed this blog. I look forward to hearing more from you in the future.

    Sincerely,
    Ms. Simon

  3. Andrew Hutsell June 7, 2010 10:03 pm

    $10 million sounds like a great incentive to prompt carmakers to further development for electric cars. Given Americans unceasing reliance on oil and the current catastrophe of BP’s oil leak, it is clear that alternative fuel sources are necessary. Many carmakers have introduced hybrid models in their car lines, and with constant government incentives this trend is likely to continue. The strides made by carmakers over the past five years have been steady and I hope to see a 500-mile battery in the near future. GO GREEN!

    AH

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