The U.S. House approved a bill yesterday to boost government funding for green vehicle research. The bill passed the House with a 312-114 vote and authorizes $2.9 billion over 5 years. The amount includes $550 million to research and develop advanced technology vehicles and components.
The bill still has to make its way through the Senate before reaches the White House. After that, the Congress must act separately to allocate the funds.
Rep. Gary Peters, D-Bloomfield Township, the sponsor of the bill, said that the measure would lead to faster development of advanced technologies.
“It is no secret that the global economic crisis has had an absolutely devastating effect on the automobile industry,” Peters said.
– By: Stephen Calogera
Source: Detroit News