The future prospects of companies involved in electric vehicles continue to be greatly influenced by the support (or lack thereof) from the federal government. This week the government handed out another $300 million in funding for alternative fuel programs to Clean Cities initiatives around the country.
Of the 25 Clean Cities initiatives that received funding, 10 involved electric vehicles or vehicle charging stations. These projects will provide much-needed income to companies that produce batteries, vehicles, and charging stations. During this tight economy, even small orders such as these can provide a life line to startup companies looking for capital, as well as boost investor confidence.