It was announced yesterday that the United States Department of Energy (DOE) approved a $465 million loan to Tesla Motors – the electric California based automaker currently producing the Tesla Roadster. This loan is to help bring to market (in larger volumes) the Model S electric sedan. The Model S
Fisker Automotive, a company started just two years ago in 2007, has received a low cost loan to create “affordable, fuel-efficient plug-in hybrid electric cars”. Where will most of the 500 million+ dollars go? Most of the money is slated for “Project NINA” – Fisker Automotive’s next-generation plug-in hybrids. Fisker,
According to CNNMoney.com gas prices have risen 10% over the last two weeks. Yesterday, the Energy Information Administration reported that the average price of gasoline in the US was $2.24 a gallon. The key question is, “How high will gas prices rise this summer?” Typically demand increases as the Memorial
As money is being bled by General Motors, Chrysler, and Ford in Michigan, will new start-up companies in California emerge as major players in auto manufacturing? Electric and plug-in hybrids are the driving force…along with President Barack Obama and the Federal Government waving $2.4 billion to get the ball rolling.
