More Electric Car Loans ‘Remains to Be Seen,’ Chu Sayswww.bloomberg.com/news/2013-01-31/future-of-u-s-electric-car...Energy Secretary Steven Chu said it “remains to be seen in the future” whether about $16 billion in available U.S. government loans to develop alternative- technology vehicles will be disbursed. Providing money for electric-vehicle development was a component of President Barack Obama’s goal of having 1 million plug-in vehicles on U.S. roads by 2015, a number well above current forecasts.The goal is “ambitious, but we’ll see what happens,” Chu said after touring displays at the Washington Auto Show, where he looked almost exclusively at alternative-fuel vehicles including Nissan Motor Co.’s Leaf and General Motors Co. (GM)’s Cadillac ELR. Obama’s administration hasn’t made a loan under the alternative-technology program, created in 2008, since March 2011. Since then, it’s rejected or not acted on applications from companies including Chrysler Group LLC.DB2
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