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U.S. Department of Energy Invests in Developing Next-generation Automotive Materials
The U.S. Department of Energy announced on the 13th that it will invest in seven new projects to accelerate the development of "stronger, lighter" materials for next-generation vehicles.These new investments are primarily used to support development projects for next-generation automotive materials. These include approving investment in two existing model tooling projects to improve the performance and cost-effectiveness of carbon fiber composites and other specialty composites used in vehicle bodies, chassis and interiors. At the same time, investments are being made to develop modeling tools for third-generation advanced high-strength steels. It will also invest in four projects to develop lightweight, high-strength alloys for cylinder blocks and heads for automotive and heavy-duty engines.
The U.S. Department of Energy stated that it plans to provide US$21.75 million in funding for the above-mentioned projects this year and next to support the completion of the projects within two to four years. At the same time, the Department of Energy will raise an additional $11 million in financing from the private sector for these projects.
Improving vehicle energy efficiency is an important part of the Obama administration's comprehensive energy policy. The Obama administration reached an agreement with more than a dozen major automakers in 2009 to raise vehicle energy efficiency standards to 35.5 MPG (miles per gallon of gasoline) between 2012 and 2016. In July 2011, the US government announced that it would raise this standard to 54.5MPG between 2017 and 2025.
In recent years, the United States has been committed to developing various types of clean energy and supporting it in a variety of ways. At present, the U.S. Department of Energy has supported dozens of clean energy projects through loan guarantees and other methods, with a total amount of more than 40 billion US dollars.
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