Department of Energy
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Less than two weeks after a bipartisan bill was introduced in the Senate to provide tax credits for buyers of natural-gas vehicles, or NGVs, the House has passed an entirely different bill that funds research and development of NGVs. Unlike the tax credits in Senate bill S.1408, which would encourage purchase of vehicles that run on natural gas, the House bill dedicates $150 million to the Department of Energy to investigate, develop, and demonstrate natural-gas vehicles over five years. Given the political momentum behind alternative fuels in general, and lately natural gas in particular, ...
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Nissan Exec Says Investments For Battery Production Will Exceed $1 BillionLast month Nissan received $1.6 billion in subsidized loans from the U.S. Department of Energy to prepare their plant in Smyrna, Tennessee for the production of electric vehicles and lithium-ion batteries. At the Reuters Japan Investment Summit on Wednesday, senior vice president and head of...
Robert Scardino -
Five Questions To Ask About Those DoE Advanced-Tech Loans
On Tuesday, we covered the news that Ford, Nissan, and Tesla had been granted a total of $8 billion in low-interest loans by the US Department of Energy to retool for advanced automotive technologies. With a few days under our belt, we've considered the story and have a few questions for you to...
John Voelcker -
Advanced Auto-Tech Loans Go To Tesla, Ford, and Nissan
US Energy Secretary Steven Chu today announced the first three loans to be granted under the government's Advanced Technology Vehicles Manufacturing program. The lucky winners, totaling $8 billion worth of low-interest loans from the US Department of Energy: Ford, Nissan, and Tesla. FORD Amount...
John Voelcker
