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DoeLoans

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    DC 2010: DOE Secretary Chu announces closing of Nissan's $1.4 billion loan for Leaf electric vehicle     1264718580

    Department of Energy Secretary Chu announced the closing of Nissan's $1.4 billion Advanced Technology Vehicle Loan Program loan (originally, the amount was for $1.6 billion) today during the Washington Auto Show. As expected, this money will used to kick off production of the Leaf in the ...

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    Congress approves three-wheelers for DOE funds     1255897740

    Aptera 2e final design rendering - Click above to enlarge
    Following months of debate, Congress has approved a bill that will pave the way for three-wheeled vehicle manufacturers like Aptera to qualify for funding from the Department of Energy. Next step: President Obama's desk, and the ...

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    Ford, Nissan, Tesla all big winners in DoE advanced technology loans     1245778140

    Ford Focus EV Mule - Click above for high-res gallery
    The U.S. Department of Energy has finally announced the first recipient of low interest loans under its Advanced Technology Vehicle Manufacturing Incentive Program. The first recipient is Ford, and analysts believe the DoE will award sums to ...

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    REPORT: Nissan considering building EVs and batteries in the U.S.     1245673860

    Nissan EV-02 prototype - click above for high res image gallery
    Earlier this year, Nissan applied for low interest loans under the Department of Energy Advanced Technology Vehicle Manufacturing Incentive Program. In order to qualify for those loans, Nissan would have to use the government funds to ...

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    U.S. Department of Energy funding for Chevy Volt on hold     1239623940

    Aside from the bridge loans supplied to GM by the federal government, GM had applied for $10.3 billion from the Energy Department. Of that amount, $2.6 billion was meant to be devoted to building the Chevy Volt and two derivatives of it, as well as a third hybrid model. May is when the Energy ...

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    GM asking Department of Energy for $2.6 billion to build hybrids?     1238700000

    Click above for high-res image gallery of the 2011 Chevy Volt
    General Motors released an updated business plan to Congress on Wednesday, and one of the main points of interest surrounds the automaker's request of an additional $2.6 billion for the production of the Chevrolet Volt and two ...

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    Tesla to unveil Model S on March 26, hopes for DOE money by summer     1234384020

    In a newsletter distributed today by Tesla Motors, CEO Elon Musk provides an update on the business including an announcement that a driveable prototype of the Model S would be unveiled on March 26. The Model S reveal will take place at the Southern California headquarters of Musk's other company, ...

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    Nissan seeks U.S. loans to develop electric vehicles     1234283520

    Nissan is the first Japanese automaker to confirm that it has asked for funds from the U.S. Department of Energy. The amount of the request is not yet known, but it would be used to upgrade Nissan's assembly plant in Smyrna, TN and would ostensibly be used to develop electric cars and the batteries ...

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