Tesla Electric Vehicle Clean Energy Future
Department of Energy Secretary Chu announces a construction loan for Tesla Motors, enabling the company to build its assembly and power-train manufacturing facilities in California. The Energy Secretary sees this investment as establishing the nascent US electric vehicle industry. ...
... "This is an investment in our clean energy future that will create jobs and reduce our dependence on foreign oil, said Secretary Chu. It will help build a customer base and begin laying the foundation for American leadership in the growing electric vehicles industry. This is part of a sustained effort to develop and commercialize technologies that will be broadly deployed throughout the American auto industry. Tesla’s planned Model S will consume no gasoline and will not produce any tailpipe emissions. " ...Via Dept of Energy: 465 Million Dollar Loan to Tesla Motors
The Department of Energy was appropriated $7.5 billion by Congress to support up to $25 billion in loans to companies making cars and components in US factories that increase fuel economy at least 25 percent above 2005 fuel economy levels.
Post Details
| Permalink |
Category: Tesla Motors