In an effort to reduce greenhouse gas emissions and global dependence on oil, internet giant Google has launched its new RechargeIT initiative to promote the development of plug-in hybrid electric cars.
Under the guidance of Google's own philanthropic Google.org team, the new initiative will award $1 million in grants and a further $10 million to fund the development and eventual commercialization of plug-in hybrids.
According to the company's press release, this is how the first million will be spent:
* Brookings Institution: $200,000 to support a spring 2008 conference on federal policy to promote plug-ins
* CalCars: $200,000 to support its work to educate the public about plug-ins
* Electrical Power Research Institute (EPRI): $200,000 to support its plug-in research and development program;
* Plug-In America: $100,000 to raise public awareness and advocate for plug-in transportation;
* Rocky Mountain Institute (RMI): $200,000 to enable RMI to launch the design of a practical plug-in hybrid electric vehicle, with additional support and collaboration by Alcoa, Johnson Controls, and the Turner Foundation;
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