The DOE has revived the ATVMP loan program and will hand out the first $259 million loan agreement to Alcoa to make aluminum for lighter, cleaner cars.
We take a walk about the Washington Auto Show with Energy Secretary Ernest Moniz – and are then told we can't film him. So, instead, we just go look at the mostly empty displays on the first (and only) media day and made a little video.
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.
Plug-in vehicle purchases by the American public may be slowing down this year, but have faith. Because utility companies will be picking up a little bit of the slack by stepping up their focus on buying electric vehicles and plug-in hybrids for their fleets. A new program touted for both environmental and cost-saving reasons has a stamp of approval from the White House.
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
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
The Washington Auto Show started today with an announcement by US Department of Energy Secretary Ernest Moniz about a new, $50-million boost for the DOE's work on supporting more fuel-efficient vehicles. The $50 million, Moniz said, will support advanced vehicle technologies. $30 million will go towards making plug-in vehicles better and charging more convenient, including extra support for