Michael J. Coren for Fast Company:
Germany’s $273 million Competence E project will bring together 250 scientists from 25 institutes to commercialize innovations from research, delivering the missing link between government, academia, and industry for commercialization of EV technology.
In the U.S., the Department of Energy is offering at least $175 million in grant-based funding for multiple projects, as well as other initiatives, but a coordinated cross-sector effort does not seem to be on the table.
And as a result you get:
Europe’s manufacturing giant weathered the recession with minimal layoffs and its economy is set to grow about 3% this year. German firms are staring at an enviable backlog of orders for cars, machinery, and other precision goods. Here in the U.S., well, it’s a different story.