They've been jockeying for position for some time. But this morning, auto makers around the world will take big steps in the race to build mass market electric cars. When Energy Secretary Steven Chu announces grants for the development of fuel efficient vehiclesand technologies, Ford, Nissan and Tesla will be the immediate beneficiaries.
Each company is getting a chunk of the $25 Billion Congress has set aside for the Department of Energy to allocate for developing greener vehicles in the future. Keep in mind, greener does not necessarily mean electric cars only. But it is clear, the White House wants the auto industry to rev up development of electric cars. So far, 75 auto industry firms have applied for DOE money.
So which auto makers are leading the electric car race.