MOUNTAIN VALLEY, Calif. --- Internet search giant Google recently announced plans to award six grants, totaling $1.05 million, for the research and development of hybrid plug-ins and vehicle-to-grid technology, and to promote federal policy that encourages the use of hybrid plug-in vehicles. The company's philanthropic arm, Google.org, has also pledged an additional $10 million in grants in the future. "We applaud them for the investment in plug-in hybrid vehicle technologies," Brian Corbett, General Motors' hybrid powertrain spokesman, told USA Today. The federal government is expected to spend $28 million on plug-in component research in fiscal year 2008, Corbett added.

Originally posted on Fleet Financials

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