The United States Department of Energy released its first Quadrennial Technology Review Report in which Energy Secretary Steven Chu presented the priorities, goals, and rationale for the upcoming $3 billion 2011 energy technology R&D budget.
Half of the DOE's energy technology funding supports generating clean electricity, and now, the DOE favors a greater emphasis on energy technologies in transport, which could benefit plastics processors supplying the automotive industry. Fully 26% of the budget now will go to support developments in transportation. Vehicle efficiency and electric vehicle projects are viewed as the most cost-effective and nearest time strategies for "decoupling from the global oil market." and will receive more priority and funds this year, in addition to work on developing alternative fuels.