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U.S. backs $30 million to build plug-in hybrids

The Department of Energy announced a $30 million effort Thursday with Ford, General Motors, and General Electric to bring to market by 2014 plug-in hybrid electric cars that drive 40 miles on a single charge.

"The projects announced today demonstrate a shared public-private sector commitment to advance clean vehicle technologies and will help reduce our dependence on foreign oil while also confronting the serious challenge of global climate change," Andy Karsner, assistant secretary of Energy Efficiency and Renewable Energy, said in a statement. He made the announcement Thursday at a conference on plug-in electric vehicles sponsored by the … Read more