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URL:  https://boards.fool.com/electric-car-monies-30525092.aspx

Subject:  Electric car monies Date:  2/5/2013  7:00 AM
Author:  DrBob2 Number:  40639 of 90628

More Electric Car Loans ‘Remains to Be Seen,’ Chu Says
www.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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