Michigan Law to Encourage Local Battery Production

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Michigan Law to Encourage Local Battery Production

Articles — By forcechange on January 2, 2009 8:58 am

While the federal government was busy with the travel habits of CEOs and propping up a failed business model, the state legislature in Michigan was planning for the future. Recognizing that the real technology for 21st century cars will be battery technology, the state legislature has agreed to offer up to $335 million in local tax rebates for the development of next generation car batteries. With this move, Michigan is aiming to carve out a piece of what is predicted to be a $50 billion market by 2020.

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