NEW YORK (CNNMoney.com) -- There's a saying as the nation pushes for cleaner electric cars: The United States will end up trading dependence on Saudi oil for dependence on Asian batteries.Most of the big players in advanced batteries - the ones used to power the cars of tomorrow - are from Japan, South Korea or China.
America's battery industry is in need of a shock. Enter Stimulus.
As part of the nearly $900 billion economic lifeline, lawmakers plan on spending $2 billion in loan guarantees and grants for makers of advanced batteries. They don't necessarily have to be U.S. companies that get the money, but they need to set up shop on American soil.
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