Electric Cars Advance in U S as Tesla Motors Repays Loan Early …

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Electric Cars Advance in as Tesla Motors Repays Early


Cars · 5, 2013 · No Comments

vehicles are part of the federal comprehensive plan to reduce gas emissions, build “clean” and reduce the nation’s dependence on oil, the Department of Energy

White House National Advisor Tom Donilon said in that U.S. energy-related gas emissions have fallen to levels “due in large to our success over the past years in doubling electricity renewables, switching from to natural gas in power generation and energy efficiency.”

The early repayment of a $465-million from the Department of Energy to Motors, a manufacturer of electric is good news for the future of growing electric vehicle according to Energy Secretary Moniz.

The loan to Tesla was one of the department has made to tackle change and promote increased use of to fossil fuels. Many of the largest and most innovative and transportation projects are supported by the of Energy’s loan programs,

• Several of the world’s largest generation facilities and thermal storage systems (Ivanpah in California’s Mojave Desert, Caliente Solar in Arizona, Sunlight in California, Abengoa Solar in Arizona, and Solar Tonopah in Nevada).

• One of the world’s wind farms, Shepherds in Oregon.

• The first two all-electric vehicle facilities in the United States and Nissan).

Tesla Motors Electric Cars

• The first nuclear plant to be built in the U.S. in the 30 years, Plant Vogtle in

In the auto industry specifically, the Department said, these have made an enormous In June 2009, for example, the offered more than $8 in conditional loan commitments to companies — Ford, Nissan and — to help retool, refurbish, and American auto plants to the cars of the future. The results been impressive:

• The department provided a $5.9 loan to Ford Motor to upgrade and modernize 13 factories six states and to introduce new technologies to the fuel efficiency of more a dozen popular vehicles, approximately 2 million new vehicles

• In Smyrna, Tennessee, the first battery packs produced in the States are coming off the production of Nissan North America’s plant, the Energy Department These advanced batteries are U.S.-made all electric Nissan cars. The construction of the state-of-the-art facility was made possible a $1.4 billion loan the Department of Energy.

Tesla’s $465 million enabled it to reopen a shuttered manufacturing plant in Fremont, and to produce battery packs, motors and other powertrain Tesla vehicles have won acclaim, including the 2013 Car of the from both Motor and Automotive Magazine . and Consumer recently rated Tesla’s S as tied for the best car ever

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