The Department of Energy has a $2.4 billion stimulus fund to give EV car makers and suppliers a boost to help them bring EVs to the road sooner than later.  So if you’re a car maker looking into EVs or a supplier it’s been like Christmas and the DOE is Santa.

Johnson Controls, based in Milwaukee, WI has been awarded the largest single grant from the DOE at almost $300 million.  Johnson intends to make advanced batteries for EVs and hybrids.  The $299 million is almost half of the $600 million Johnson expects to invest in the new battery technology.