According to WXYZ News today, Governor Granholm signed a bill for $335 million in tax incentives beginning in 2011 thru 2016 that is “designed to make Michigan the center of U.S. efforts to develop high-tech batteries for electric and hybrid vehicles.”
It was approved 31-3 in the Senate and 94-0 in the House. Finally a green business move that our senate didn’t nix, although I don’t think it was the idea of going green that motivated Senate Majority Leader Mike Bishop. It was more about helping the Detroit auto industry. The bill is designed with GM in mind relative to its plug-in hybrid “Volt.” It will ensure that all Volt related activities remain in Michigan.
At present there is no large-scale lithium-ion battery manufacturing in the U.S. This just shows how far behind we are on many green fronts. Japan, South Korea, INDIA and CHINA do all the manufacturing. The fact that India and China are ahead of us should be a warning to “catch up” fast.
And that’s what Governor Granholm hopes to do now that she has a little cooperation from what looked to be for a long time ”anti-environmental” senate. She hopes Michigan will “become a battery epicenter and draw a piece of an estimated $1 billion investment from the federal government.”
Read more: http://www.wxyz.com/news/story/Big-Battery-Tax-Credits-Approved/a5JpqyAFz0CjPXBjZnYh1A.cspx.
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