Obama Administration Announces $5M Alternative Fuel Program?

Adding to President Obama’s “all-of-the-above” energy approach to curbing gas prices, the Department of Energy (DOE) announced earlier this week a $5-million initiative “to help expand the use of alternative-fuel vehicles, including electric vehicles (EVs), in cities and towns across the country.” The taxpayer-subsidized funding will finance 10 to 20 projects that “address barriers to the adoption of these vehicles” and “drive market development” to broaden fuel station access for alternative fuel transportation.

“This funding opportunity does not provide for the purchase or installation of vehicles or infrastructure,” the DOE stated. Conversely, the money is intended to “help consumers understand the economic and environmental benefits of alternative fuel vehicles and choose the right vehicle for their needs.”