Skip to main content


  • 0
    Official: Connecticut will fund $200,000 in public charging station incentives

    We're feeling warm and fuzzy about the Nutmeg State after Connecticut leaders said it would earmark $200,000 for the purpose of getting more businesses to install electric-vehicle charging stations. The Connecticut Departments of Energy and Environmental Protection are behind the initiative, ...

  • 0
    Report: GM lobbies against Michigan proposal for EV road tax

    General Motors has no issues with the idea of better roads for Michigan, but when it comes to a special plug-in vehicle tax enacted to help pay for those repairs, the automaker is crying foul, Automotive News says. At least eight US states either having passed or proposed a special electric ...

  • 0
    Official: Tesla gets $10 million from California for Model X production

    The Golden State is providing some green for the Tesla Model X. The California Energy Commission (CEC) has awarded electric vehicle maker Tesla Motors $10 million to expand its Fremont, CA, plant to accommodate production for the Model X SUV. Tesla, which currently employs around 3,000 people, ...

  • 0
    Official: Fisker raises another $100 million in private funding for Karma production, marketing

    The optimist would say "a hundred million down." The pessimist would add, "...and about 235 million to go." Either way, Fisker Automotive took a pretty good bite out of the federal government's planned line of credit that the California-based automaker can't access because of production delays ...

  • 0
    Official: Better Place gets $50 million loan from European Investment Bank

    Things just got a little better for Better Place. The electric-vehicle battery-swapping company said Tuesday that it received a 40-million euro (U.S. $50 million) loan from the European Investment Bank, marking the company's first credit line after raising all of its existing funding in the form ...

  • 0
    Official: Feds will invest $4 million to help develop wireless EV chargers

    Think of it as a way to boost plug-in vehicle adoption by removing the "plug-in" part. The U.S. Department of Energy (DOE) has announced it will spend as much as $4 million to speed the development of wireless electric-vehicle charging stations. The DOE will award the funds to as many as four ...

  • 0
    Report: Fisker reportedly seeks $100 million in funding by end of the month

    Looks like Fisker Automotive's looking for its own range-extender. The California-based maker of the extended-range plug-in Karma luxury sedan, is looking to raise at least $100 million in funds by the end of this month in order to restart production of its Delaware plant, Bloomberg News ...

  • 0
    Study: Why plug-in vehicles with "small" battery packs should be subsidized in a big way

    Are plug-in vehicle incentives distributed correctly? Apparently not. A study conducted by Carnegie Mellon University (PDF) suggests that by subsidizing vehicles with big battery packs (that is, bigger than 16 kWh), the return on investment (in terms of reducing gas/diesel consumption and ...

  • 0
    Boston-Power secures $125 million in funds, will move most operations to China

    China-based GSR Ventures led a $125-million investment round for Massachusetts firm Boston-Power, a startup that designs and manufacturers application-specific lithium-ion batteries, mainly for automotive applications. To date, Boston-Power has raised some $320 million since its founding in 2005. ...

  • 0
    Report: Republicans want to halve advanced technology loans, Chrysler's bid for funds in jeopardy

    Republican leaders in the House of Representatives reportedly want to cut in half the balance of a U.S. government fund, the Department of Energy's Advanced Technology Vehicles Manufacturing (ATVM) Loan Program, that was set aside to help the automotive industry develop more fuel efficient ...

  • 0
    Fisker Automotive looking to raise additional $200 million

    Fisker Karma – Click above for high-res image gallery
    Fisker Automotive is reportedly seeking an additional $200 million through its latest round of private fundraising, according to Venture Beat. This adds to the $100 million Fisker snatched in May, the $40 million the automaker raised ...

  • 0
    Fisker seeking additional $15 million; has "$250 million in cash in the bank"

    Fisker Automotive is reportedly seeking an additional $15 million in private funds, according to Automotive News (sub.req.). This may come as somewhat of a surprise considering that the maker of luxury plug-in hybrids has pushed back the delivery date of the Karma to mid-July. During a ...

  • 0
    EDTA to Congress: don't steal AVTM money to fund FEMA

    On Tuesday, the House Appropriations Committee approved the FY12 Homeland Security Appropriations bill (pdf). As part of this bill, the Committee pushed through an amendment that adds $1 billion in funding for the Federal Emergency Management Agency's (FEMA) disaster relief fund. That's all fine ...

  • 0
    Fisker Automotive raises additional $100 million

    Fisker Automotive has reportedly snagged an additional $100 million through its latest round of private fundraising, according to Automotive News (sub.req.). This adds to the $40 million Fisker raised back in March, the $150 million it snatched up in February, the $300 million it had raised ...

  • 0
    Coda seeking $50 million to finish electric Sedan

    Coda Holdings, the company behind the battery-powered Coda Sedan, is still seeking an additional $50 million to "finish the car," according to Christopher Rose, the firm's senior vice president for corporate development. Back in January, regulatory filings indicated that Coda had raised $76 ...

  • 0
    Fisker Automotive raises additional $40 million

    Fisker Automotive has reportedly snagged an additional $40 million through its latest round of private fundraising, adding to the $150 million it snatched up in February, the $300 million it had raised prior to that, the $529 million awarded from the U.S. Department of Energy, and the $21.5 ...

  • 0
    Report: Aptera raises $9.8 million in new funding, investors not disclosed

    SoCalTech is reporting that Aptera Motors has filed information regarding new funding coming in to the company. According to the report, Aptera has raised an additional $9.8 million to help produce its lightweight Aptera 2e vehicle. Six investors have reportedly chosen to put their funds behind ...

  • 0
    Obama, DOE slash hydrogen fuel cell funding in new budget

    Honda FCX Clarity - Click above for a gallery
    The message has been hinted at before, but the federal government is now serious about shifting the focus away from hydrogen and onto plug-in vehicles. In an important statement yesterday, Department of Energy Secretary Steven Chu said that hydrogen ...

  • 0
    DOE pours $385 million into cellulosic ethanol production

    The U.S. Department of Energy has dug into its coffers once again for alternative energy research, this time putting up to $385 million forward to fund six cellulosic ethanol over the next four years. DOE Secretary Samuel W. Bodman made the announcement, going on to say that when fully operational, ...

  • 0
    Australia falls short of biofuels target

    Twelve months ago the major oil companies delivered a biofuels action plan to the Australian Federal Government, predicting that their biofuel use would rise in 2006 to between 89 million litres and 124 million litres (23.5 million - 32.7 million gallons) of ethanol and biodiesel in 2006. The ...


Autoblog iPhone App