40 Articles
Open Road
Could Elio Motors be saved by a DOE loan?

Leftover Advanced Technology Vehicles Manufacturing loan money could what the struggling company needs.

Report
US Senate authorizes DOE green car loan program [UPDATE]

Politicos hope bill brings about more Teslas, not so many Fisker's.

The federal government last funded the green-vehicle technology program in 2007.

Five years ago, the DOE loaned Tesla Motors $465 million

Secretary Moniz Announces New $55 Million Funding Program

Five years after Tesla got off to a good start with its ATVM loan deal, Energy Secretary Moniz says the DOE is offering two new programs – one for $55 million and one for $35 million – to help advanced vehicles.

Official
Elio Motors $185-million request advances under DOE's restarted ATVM loan program

Paul Elio's 84-mpg Trike Constantly Getting Closer To Reality

Controversial, helpful and finally put on hiatus, the Advanced Technology Vehicles Manufacturing (ATVM) loan program from the Department of Energy (DOE) has had a tremendous impact on the current flock of plug-in vehicles. Before being paused in 2011, the ATVM handed out money to Sebastian Blanco

Official
DOE ready for more AVTMP loans, now focusing on suppliers

The Department of Energy handed out four big loans in the Advanced Technology Vehicle Manufacturing loan program (ATVM): Fisker got $528.7 million (then went bankrupt) Nissan got Sebastian Blanco

Report
DOE auctioning off Fisker's $168-million loan

If you've ever wanted to buy Fisker Automotive – not just a Karma, but the whole company – the opportunity is coming. The federal government is looking for a buyer for the automaker's $168 million Department of Energy debt note. That number comes from the original loan commitment of $528 million

Report
DOE restarting ATVM loan program famous for backing Tesla, Fisker

There have been some very public successes and failures from the Department of Energy's Advanced Technology Vehicle Manufacturing loan program, most notably Tesla and Fisker, but the US government is not yet finished. It's been a while – no ATVM loans have been given out since 2011 – but the DOE is finally getting ready to find homes for the billions still at hand. DOE spokeswoman Aoife McCarthy told <

Video
Following Tesla's good news, Fox conveniently forgets government loan

It's been a while since we've paid attention to Fox News attacking electric cars, but has it really been long enough for them to forget some pretty salient details? Looks like it has, according to a new video from Media Matters, which splices together clips from before Tesla Motors made its big profit announcement and the compan

Official
Tesla pays back $465M DOE loan, Musk says 'I hope we did you proud'

We're willing to bet there are bottles of champagne popping all the way from Washington, DC to Palo Alto, CA today with the announcement that Tesla Motors has, as suspected, paid off the entirety of its $465-million Department of Energy loan.

Report
Tesla involved in federal probe? News to us, says Tesla

A recent report indicates that there's a dark and shadowy secret just waiting to wreck havoc on Tesla Motors: a federal probe into whether, as the conservative Washington Times puts it, "the automaker was using foreign instead of American parts in manufacturing their electric vehicles." Tesla has Sebastian Blanco

Report
Tesla will start repaying loans by end of this year

A week after Tesla Motors announced it would be able to deliver the first Model S in June, a month ahead of the original July release date, the startup automaker continued the good news by announcing it will start

Official
DOE rejects $310M loan for Carbon Motors to build advanced police cars

Carbon Motors, maker of the purpose-built E7 police car, won't receive the $310 million in U.S. Department of Energy (DOE) loans under the Advanced Technology Vehicle Manufacturing (ATVM) program that it applied for almost three years ago, and said that it's a victim of politics.

Official
Carbon Motors' $310 million DOE loan for police-car production rejected

Carbon Motors, maker of the purpose-built E7 police car, won't receive the $310 million in U.S. Department of Energy (DOE) loans under the Advanced Technology Vehicle Manufacturing (ATVM) program that it applied for almost three years ago, and said that it's a victim of politics.

Official
Bright Automotive gets dimmed, will shut down because of DOE loan program delays

Bright Automotive will shut down after the maker of the extended-range plug-in utility vehicles said the federal government took too long to make good on its planned loans to the Michigan-based company, the Wall Street Journal reports, citing a letter company executive sent to U.S. Energy Secretary Steven Chu yesterday.

EDTA to Congress: don't steal AVTM money to fund FEMA

On Tuesday, the House Appropriations Committee approved the FY12 Homeland Security Appropriations bill (pdf). As part of this bill, the Committee pushed through an amendment that adds $1 billion in funding for the Federal Emergency Management Agency's (FEMA) disaster relief fund.

Aptera: We need government money to bring vehicle to market

What's been happening at Aptera? The hyper-aerodynamic vehicle company is still moving forward, just not as fast as the original plans called for. In the company's latest newsletter, plenty of virtual ink is dedicated to explaining where things stand with the request for money from the Department of Energy's Advanced Technology Vehicle Manufacturing loan program (still waiting to hear back), the development and design of the 2-series vehicl

Aptera: We need government money to bring vehicle to market

What's been happening at Aptera? The hyper-aerodynamic vehicle company is still moving forward, just not as fast as the original plans called for (remember when the car was supposed to be available in 2009 2010?). In the company's latest email newsletter, much space is dedicated to explaining where thing stand with

XP Vehicles has an idea: file a lawsuit against the DOE for ATVMP funds

Remember XP Vehicles, the "pre-revenue start-up" that issued a statement 13 months ago saying it was "Extremely Disappointed in DOE Rejection of [its] ATVM Application" and asking people to petition the government to help the company? The rejection came after XP asked for money from the Department of Energy's Advanced Technology Vehicles Manufacturing program (ATVMP) to develop its electri

V-Vehicles tours D.C. with secretive high-mpg concept, still no pics

V-Vehicle started with a strategy of secrecy and keeps on walking down the same path. A bit of corporate glad-handing brought the company's prototype vehicle to elected officials and DOE representatives in D.C. yesterday and, true to form, the event was off-limits to the general public (just like a similar event for Louisiana Gov. Bobby Jindal and others in Louisiana last week). The c

DOE finalizes Fisker's $528.7 million loan *UPDATE

Fisker Sunset – Click for high-res image gallery

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