Electric Cars

September 14, 2010 by USA Post 

Electric Cars, Obama made a phone call to A123 Systems Inc. today to offer his congratulations on the opening of the new stimulus funded lithium-ion battery electric car plant in Livonia, Michigan. The president hailed the event as the birth of a new industry that, according to him, “a central place in the next generation of automobiles.” While electric cars and plug-in hybrid gas-electric hybrids currently account for less than 1% of new car sales, Energy Department senior adviser Matthew Rogers has said the government is confident that demand for cars keep the electric lithium ion battery factories in business.

President Obama wants 1 million electric cars on the road by 2015 and wants batteries that were made in America. U.S. factories face stiff competition from companies like Panasonic and Sony of Japan, and South Korean company LG Chem, which already have a strong standing in the market for lithium-ion batteries.

Let’s wish him good luck to the new factory and hope that the industry of electric car battery will give a much needed energy boost to the economy of Michigan.

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