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Google is “Exploring” the Hybrid Vehicle Market ?!?

by Gilad on June 21st, 2007

While Yahoo is working on expanding its market share, CNNMONEY reports this morning that Google had offered $10 million in funding for the development of a 100MPG vehicle.

Google said Tuesday it is getting in on the development of electric vehicles, awarding $1 million in grants and inviting applicants to bid for another $10 million in funding to develop plug-in hybrid electric vehicles capable of getting 70 to 100 miles per gallon.

I keep on asking myself WTF? I mean has the money gotten to their heads? Do they have nothing else to worry about? But then again, I must add that it is Google’s philanthropic arm, Google.org, who is working on the project… Go figure.

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