USA: Obama Unveils USD 1 Billion Plan for Energy Efficient Vehicles

Wednesday, the U.S. President Obama, visited Daimler Trucks North America’s Mount Holly manufacturing plant, and spoke on alternative fuel technologies, according to a press statement.

He announced a new $1 billion National Community Deployment Challenge to catalyze up to 10 to 15 model communities to invest in the necessary infrastructure, remove the regulatory barriers, and create the local incentives to support deployment of advanced vehicles at critical mass.

The statement also said that the program would support the development of up to 5 regional Liquefied Natural Gas (LNG) corridors where alternative fuel trucks can transport goods without using a drop of oil.

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LNG World News Staff, March 9, 2012; Image: White House