Automakers will be receiving $220 million in tax credits to help develop battery packs for hybrid and plug in hybrids vehicles. The credits, which include $100 million for battery manufacturers and $120 million for battery pack assembly, are designed to benefit Ford Motor Co., General Motors Corp. and Dow Chemical Co.

Ford plans to move production of battery packs from Mexico to southeastern Michigan and to invest up to $500 million to assemble hybrids and lithium ion batteries there. “This is huge,” said James McBride, vice president of the Michigan Economic Development Corp. “This is the rebirth of the auto industry in this state.”

Despite the recent excitement over electric cars, the National Research Council thinks that it will be a few decades before we see hybrids in “meaningful numbers”.