
WASHINGTON, July 15 (UPI) -- U.S. production of batteries for alternative-power vehicles rose by 38 percent in five years, the U.S. Department of Energy said.
The Department of Energy said in its latest report on the impact that economic recovery programs had on the U.S. automotive sector that battery production rose from 2 to 40 percent in just five years.
The report comes as U.S. President Barack Obama travels Thursday to Holland, Mich., to attend a ground-breaking ceremony for the Compact Power plant.
The Holland plant received a $151 million grant from the federal government in August through economic stimulus funds. The ground-breaking marks the start of construction of the ninth of the nine advanced battery plants funded under the Obama administration.
The Department of Energy said the cost of advanced battery vehicles would fall from a pre-recovery cost of $33,000 to $10,000 by 2015 because of the economic stimulus act.
The Holland plant will make batteries for the Chevy Volt and Ford Focus alternative vehicles.
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