RSS
Email
Twitter
- It’s offical, the Department of Energy has approved loans for Ford, Tesla, and Nissan.
- Ford received $5.9 billion, Nissan got $1.6 billion, and Tesla received $465 million.
- Ford will be using the money to bring “13 more fuel efficient models” to market, while Nissan has the ambitious goal of 100,000 EV’s produced by 2012.
- Tesla, as my readers know, will be using the majority of the loan to finance their new Model S production facility. …I might just have to jump on that reserve list now.
- This is huge for the cleantech auto. Stay tuned for more DOE and the Advanced Technology Vehicles Manufacturing program (ATVMP) announcements as they’ve still got right around $17 billion to reward.
![[Post to Twitter]](http://tinycomb.com/wp-content/plugins/tweet-this/icons/tt-twitter-big4.png){kind=icon}
