May
17
Google Pushes Hybrid Development With $10m
Author: Anthony Fontanelle
Source: articledashboard.com
Google Inc. said Tuesday that it is getting in on the development of electric vehicles, awarding $1 million in grants and inviting applicants to bid for another $10 million in funding to develop plug-in hybrid electric vehicles capable of getting 70 to 100 miles per gallon.
The new project, dubbed as the RechargeIT initiative, will be managed by Google.org, the company’s philanthropic arm. RechargeIT aims to further the development of plug-in hybrid electric vehicles. These product cars or trucks have gasoline engine and advanced batteries that recharge by plugging into the nation’s electric grid.