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Aptera officially resubmits application for DOE loan

Not that it comes as a shock or anything, but word comes from Aptera (by way of Green Car Advisor) that it has officially resubmitted its application for DOE loans. The hopeful manufacturer of three-wheeled electric vehicles had previously submitted an application for funds from the DOE's Advanced Technology Vehicle Manufacturing (ATVM) program, but the application was declined as the funds were only available for four-wheeled vehicles. Now that President Obama and Congress have revised the ATVM program to include three-wheeled cars that ... Read more →

President signs bill expanding ATVM program to three wheelers Sam Abuelsamid

When congress established the Advanced Technology Vehicle Manufacturing (ATVM) program in the 2007 energy bill, it explicitly said that it applied to making cars that come under the federal motor ...

Aptera's chances of getting DOE loan money improving? Jeremy Korzeniewski

Aptera is planning to build the 2e, a fully electric, extremely efficient, highway-speed vehicle that can seat two occupants, and the company would like to get some funding from the Department of ...

Report: VP Joe Biden to announce stimulus battery grants in Detroit on Wednesday Sam Abuelsamid

Vice President Joe Biden will be delivering a speech on the economic recovery efforts that have been implemented thus far at the NextEnergy Center in Detroit on Wednesday. The Detroit News is ...

Mulally: Ford's path to profitability based on electrification Jeremy Korzeniewski

Ford CEO Alan Mulally says the automaker is on track to return to profitability by 2011, despite posting a record $14.7 billion loss in 2008 and a forecast to continue posting losses through the ...

House now considering doubling $25 billion DOE ATVM program 4 months ago on Autoblog Green

The other day, Sue Cischke, Ford group vice president of sustainability, environment and safety engineering, said, "If they (the DOE) raise the appropriations from the $25 billion to the $50 billion, we qualify." At the time, we hadn't heard about any plans to increase funding for the Advanced ...

Ford wouldn't turn down another $5 billion loan from the DOE 4 months ago on Autoblog Green

While Ford managed to get $5.9 billion from the DOE's ATVMLP fund yesterday, that's only about half of what the automaker asked for. Ford's original request for help was for $11 billion. And, since the feds are still handing out money at a high rate, representatives from the Blue Oval are not ...

Officially, official: Nissan gets $1.6B DOE loan to build EVs, batteries in Tennsessee 4 months ago on Autoblog Green

Nissan has just announced that the Department of Energy has approved its request for a $1.6 billion low interest loan under the ATVM program. The money will be used to update the Smyrna, TN factory to build up to 150,000 battery electric vehicles and 200,000 lithium ion battery packs annually. ...

Officially, official: Tesla gets $465m in loans from the DOE to build Model S, EV powertrains 4 months ago on Autoblog Green

After many months of anxiously waiting, Tesla Motors officially got the word from the Department of Energy that it would the loan interest loans that it was seeking. Tesla and the DOE announced that the California EV maker will get two loans totaling $465 million from the Advanced Technology ...

Nissan's $1.1 billion loan likely to be approved by DOE 5 months ago on Autoblog Green

The DOE loan that Nissan applied for to help it build electric cars and advanced batteries is likely to be approved for $1.1 billion, according to a report that cited "unidentified sources" in Kyodo News. The loan will probably speed up Nissan's already fast-moving electric car program that is ...

Tesla opposes using advanced vehicle fund for Detroit bailout 11 months ago on Autoblog Green

When the Detroit automakers went to Washington to press their case for financial assistance to get through their current cash crunch, the hope was to get $25 billion from the $700 billion fund that was set up to bail out Wall Street. The Bush administration was having none of that however, and by ...


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