In order to speed out country along to the goal of oil independence, Obama has proposed that the governement give out $2 Billion in research grants laboratories working on advanced battery technology, natural gas vehicles, and biofuels. We're disappointed that no mention of hydrogen is made, but technological progress is certainly a good thing.
The money is to come, ironically, from royalties from the government's oil and gas leases.
Related: Mercedes Unveils Natural Gas Powered B-Class
Related: Audi Unveils a Gasoline or Natural Gas Concept Car
[via Detroit News]
