Energy Secretary implements fast-track changes; Fisker and Tesla might benefit quickly
Yesterday, the DOE announced it would make changes in the way it approves money for various programs. Most importantly for us here at AutoblogGreen, the cash fast-tracking will be applied to the Advanced Technology Vehicles Manufacturing Loan Program. That's the program that will provide $25 billion in low-interest loans to companies that are building or want to build cleaner cars. Remember, Tesla's Elon Musk said recently that he expects the DOE to "disburse funds from our $350M Model S loan application within four to five months." Fisker Automotive is also rearing to go on that low-cost model should the DOE money come through.
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