Early this morning, the U.S. House of Representatives voted to approve (291-in-favor, 27-against) a stopgap funding bill that cuts $1.5 billion from the Department of Energy's Advanced Technology Vehicles Manufacturing (ATVM) Loan Program.

Republicans narrowly won support of a bill that funds government operations for six weeks and sends $3.7 billion to the Federal Emergency Management Agency's (FEMA) disaster relief program at the expense of advanced automotive technology loans. Six Democrats voted in favor of the bill; 17 Republicans opposed it.

Democrats opposed the bill's cutting of $1.5 billion of the remaining $4 billion in the DOE's AVTM program and warn that at least ten loan applicants could be in jeopardy of losing out, including Chrysler with its pending $3.5-billion application.

To date, the AVTM program has awarded $9.2 billion in loans to six automakers, including Ford, Nissan, Fisker and Tesla.


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  • 13 Comments
      Ryan
      • 3 Years Ago
      The only problem I have with these government 'loans' is that very little ever gets made. If the government spent $1.5 billion on Teslas, Leafs, and Volts + solar panels and charging stations... that would be something. Same with Solyndra. How many panels could they build with $500 million? Maybe some of these companies need help building factories and such, but the government should be a customer if they are just going to throw money at these companies.
        EVnerdGene
        • 2 Months Ago
        @Ryan
        WTF ? "Same with Solyndra. How many panels could they build with $500 million? " Answer: ZERO and 1100 people have (again) hit the unemployment rolls (to be paid-for with deficit spending)
        skierpage
        • 2 Months Ago
        @Ryan
        The DoE only disburses amounts from the ATVM loan when the company spends money in the USA (i.e. economic stimulus AS WELL AS encouraging domestic advanced technology vehicle manufacture). It would be silly and even more prone to corruption if instead of loaning companies money the government demanded expensive luxury Karmas and Model Ss in return! Government procurement of advanced technology vehicles and renewable energy is a separate issue. A simple Google search for "government fleet purchase alternative vehicles" reveals various initiatives.
          EVnerdGene
          • 2 Months Ago
          @skierpage
          couldn't follow your ??? Fisker Karma built in Finland. Great use of deficit spending (some people call it a Stimulus)
      Ford Future
      • 3 Years Ago
      If you want solutions, you have one choice: Throw the Republicans Out. You don't have to wait 14 months to do that, Demand they Resign, call their offices and complain, fund opposition NOW.
      amtoro
      • 3 Years Ago
      ...and the Senate rejected it, so it is back to square one... This games with our country are happening too often and for too long every time... why can we just have a government that puts the country before themselves?
        Marco Polo
        • 2 Months Ago
        @amtoro
        Dear Voter, Having received your most valued suggestion, we sent it to committee, formed a sub-committee to fund a study, that was then sent to the appropriations (studies) committee, approved, amended, relocated, assigned to a number of 'focus' groups, mislaid, sent to an evaluation committee, passed on to Homeland Security for investigation of subversive activity. The Agent's should be at your door anytime soon. Your truly Your Taxes at Work.
        skierpage
        • 2 Months Ago
        @amtoro
        Because voters all hate "government" but in the end vote for politicians who spend all their time a) raising money from special interests and b) playing to a partisan base. Join either party and donate your time and money to centrist candidates who is sensible and willing to compromise; if millions more people did so the political situation might change.
          Marco Polo
          • 2 Months Ago
          @skierpage
          Yes!
          EVnerdGene
          • 2 Months Ago
          @skierpage
          I'm still waiting for a candidate that says "CUT CUT CUT government, and any agency not enumerated in the Constitution will be done away with, and we're going to start enforcing the laws that are on our books, and don't send me any new laws until at least my second term "
      SNP
      • 3 Years Ago
      "...U.S. House of Representatives voted to approve (291-in-favor, 27-against) a stopgap funding bill that cuts $1.5 billion from the ATVM Loan Program.... ...Democrats opposed the bill's cutting of $1.5 billion of the remaining $4 billion in the DOE's AVTM program...". At 291 - 27, that's hardly any opposition to generalize it to Democrats. That's almost like fox news reporting...
        lne937s
        • 2 Months Ago
        @SNP
        There are 435 members in the House. Most Democratic members didn't waste their time voting on a bill that had no chance of passing the Senate or being signed by the President. This vote was political posturing by the House Republicans with no chance of becomming law.
        amtoro
        • 2 Months Ago
        @SNP
        It was 219 vs 203 votes... where did ABG get their numbers?
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