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President signs bill expanding ATVM program to three wheelers

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 vehicle safety standards. Those safety standards apply only to vehicles with four or more wheels, meaning that three wheelers like the Aptera 2e were not eligible for the money. This week, Congress passed and President Obama signed into law a bill that revises the $25 billion loan program administered by the U.S. Department of Energy. The ATVM ... Read more →

BREAKING: Fisker gets $528.7 million loan from U.S. DOE for Karma, Project Nina Sebastian Blanco

Fisker's goal of becoming profitable by 2011 received a shot in the arm today thanks to the U.S. Energy Department's announcement that the upstart automaker will receive a $528.7 million ...

Washington debates if the Aptera 2e should be considered a car Sam Abuelsamid

For some time now we have been discussing the status of vehicles like the Aptera 2e. While Aptera's tear drop-shaped creation promises to be highly efficient, there are concerns about the safety ...

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 ...

Tesla to use sales revenue, Daimler cash for DOE loans instead of new equity Sam Abuelsamid

In the months leading up to the recent announcement that Tesla Motors would receive $465 million in low cost loans from the Department of Energy, we expressed some skepticism that the company ...

Officially, official: Nissan gets $1.6B DOE loan to build EVs, batteries in Tennsessee 5 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 5 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 ...

Ford gets first DoE loan, Nissan and Tesla expected winners 5 months ago on Autoblog Green

The U.S. Department of Energy will finally announce the first recipient of low interest loans under the Advanced Technology Vehicle Manufacturing Incentive Program. The first winner is Ford, and analysts expect the DoE to announce Nissan and Tesla Motors, as well. Ford applied for up to $11 ...

REPORT: Nissan considering building EVs and batteries in the U.S. 5 months ago on Autoblog Green

Earlier this year, Nissan applied for low interest loans under the Department of Energy Advanced Technology Vehicle Manufacturing incentive Program. In order to qualify for those loans, Nissan would have to use it to build something in the U.S. It now appears that if Nissan gets the loan it ...

No DOE ATVM loan money for GM and Chrysler 7 months ago on Autoblog Green

The same rules that could potentially end up keeping Tesla from qualifying for low interest loans from the Department of Energy Advanced Technology Vehicle Manufacturing Incentive Program are also keeping General Motors and Chrysler out of the running. In order to qualify for the loan program, an ...

Aptera to go to Washington to fight for DOE loans 8 months ago on Autoblog Green

Aptera wants a piece of the $25 billion Department of Energy Advanced Technology Vehicle Manufacturing Program loan pie. Unfortunately for the California startup they can't have any because the program is companies making high efficiency "cars." That means vehicles that pass all federal motor ...

A little sunlight on the Nissan DOE loan: it's for EVs 9 months ago on Autoblog Green

Automotive News has answered the question why Nissan applied for that DOE loan program: electric cars and advanced batteries, despite the lack of plans for development in the mid-term. Nissan hasn't confirmed the amount of money it wants to borrow even though the application was sent in in ...

Tesla to unveil Model S on March 26, hopes for DOE money by summer 9 months ago on Autoblog Green

In a newsletter distributed today by Tesla Motors, CEO Elon Musk provides an update on the business including an announcement that a driveable prototype of the Model S would be unveiled on March 26. The Model S reveal will take place at the Southern California headquarters of Musk's other company, ...

Nissan applies for DOE loan program, purpose unknown 9 months ago on Autoblog Green

To date there have been 75 applications for low cost loans from the US Department of Energy through the Advanced Technology Vehicles Manufacturing Incentive Program. Only one of those has been from a Japan-based automaker, Nissan. The ATVMIP is the $25 billion fund created as part of the 2007 energy ...

Tesla says federal loans needed for Model S sedan 11 months ago on Autoblog Green

After yesterday's good news regarding delivery of the 100th Tesla Roadster, it's back to number-crunching reality. Tesla CEO Elon Musk told the Detroit Free Press that if the electric car maker doesn't get a $350 million loan from the government, then the Model S will be delayed and San Jose plant ...


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