DOE awards $30Million for 3year research in Plug-in hybrid electric car
The average price for regular gasoline in the United States should peak at $4.15 per gallon in August and to average $3.78 per gallon for the year. Diesel fuel prices are projected to remain near the June 2 price of $4.71 per gallon over the next few months, with an average price of $4.32 per gallon for the year. Ford, General Motors and General Electric will split $30 million to develop and demonstrate Plug-in Hybrid Electric Vehicles research projects over the next three years.
A key factor to any sustainable deployment of advanced energy technologies will be to make them cost competitive, while addressing technical and environmental challenges, so that the market can support a more diversified portfolio. Otherwise, without sustained higher energy prices or concerted, high-profile federal government leadership, US consumers are unlikely to change their energy-use patterns, and the U.S. energy use will not significantly change.