Posts Tagged ‘DoE’
More Department of Energy Loans and Foibles: Tesla, Aptera, and More
Everyone wants government money. It seems that all of the electric vehicle manufacturers, whether making parts, batteries, or cars want in on that cheap Department of Energy cash. Matthew Lesko is already working on a new book with a working title of “Get FREE Government Money For Your Electric Car Company!”*
Read More: More Department of Energy Loans and Foibles: Tesla, Aptera, and More
More DOT Funding for Dumb Ideas Ensues
The article title probably tells you what I think of this project without you having to know what it is. Basically, it’s solar panels in the roadway. Yep. Instead of blacktop, you get solar panels. A novel idea, right?
Read More: More DOT Funding for Dumb Ideas Ensues
The TransAtlas - a New, Interactive Map For Alt Fuel
This is a very cool and much-needed idea. The National Renewable Energy Lab (NREL) and the Department of Energy (DoE) have partnered on a project they’re calling TransAtlas (Transportation Atlas). It’s a Google Maps-based map for finding information on alternative fuels nationally.
Read More: The TransAtlas - a New, Interactive Map For Alt Fuel
U.S. DoE Begins Giving Out ATVM Loans: Ford Gets 1st One
The Department of Energy has finally announced the first receipient of a low-interest loan from the Advanced Technology Vehicle Manufacturing Incentive Program (ATVM) program: Ford Motors. Nissan and Tesla Motors are expected to be the next in line.
Read More: U.S. DoE Begins Giving Out ATVM Loans: Ford Gets 1st One
No DoE ATVM Loans For GM or Chrysler Either
Tesla Motors has already run into the problem with that the Department of Energy’s Advanced Technology Vehicle Manufacturing Incentive Program’s loans don’t apply to them. Not because of their technology, but because they can’t put up matching loan funds to secure the loan.
The ATVM program requires that those applying for the loans put up matching equity funds and demonstrate their financial viability. Tesla was unable to do that and General Motors and Chrysler are in the same boat. GM can’t even convince the Obama Administration that it’s viable, let alone the DoE. Chrysler is likely to find itself in that same predicament, since they were given 30 days to clean up their financial quarter or face bankruptcy.
Read More: No DoE ATVM Loans For GM or Chrysler Either
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