In March 2009, as part of the American Recovery and Reinvestment Act, the US Department of Energy announced the release of two competitive solicitations for up to $2 billion in federal funding for competitively awarded cost-shared agreements for manufacturing of advanced batteries and related drive components as well as up to $400 million for transportation electrification demonstration and deployment projects. This announcement will also help meet the President Barack Obama's goal of putting one million plug-in hybrid vehicles on the road by 2015.