AUTO INDUSTRY: Obama unveils $2.4 billion boost for electric cars
Local French Business Updates
US President Barack Obama has unveiled a $2.4 billion plan to boost the development of a new generation of electric vehicles, calling the scheme 'the largest investment in this kind of technology in American history".
Source: France24 - Business
Obama is trying to shrink out the dependance that we have on the crude oils. Such type of schemes are always appreciated by the people of the country and grabs attention of the others too. Such a big investment shows his sincerity and seriousness about the would be problem regarding crude oil in future. It will also help in securing a reserve for crude oils and making USA walk on the path of success.
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