U.S. Government Announces Funding of $184 M for Next Generation of Cars and Trucks
This post was written by Christopher Rissetto, Henry King and Robert Helland.
The U.S. Department of Energy (DOE) announced the availability of $184 million "to accelerate the development and deployment of new efficient vehicle technologies." DOE will award cooperative agreements to businesses, universities and nonprofits to promote research and development of technologies supporting energy-efficient and environmentally friendly highway vehicles (i.e., cars and trucks). This funding is provided through the Vehicle Technologies Program, whose mission is to reduce consumption of gasoline and diesel fuels by cars and trucks, which account for 55 percent of total U.S. oil use. In this Reed Smith client alert, we discuss specifics of the eight funding categories that range from the development of performance-enhancing fuels and lubricants to the development of fuel-efficient tires and the creation of greater driver feedback technologies. The client alert also details other project and award information. You should know that the authors of this post have worked with a number of clients in crafting competitive applications for grant funding and complementary strategies to achieve funding, including obtaining support and assistance from members of Congress. Please let us know if we can assist with the preliminary notice and development of a competitive application for these funds.
