Community | September 22, 2009 | 7 comments

Plug-in hybrid maker Fisker Automotive gets $529 million from Obama administration

source: http://www.latimes.com/business/la-fi-fisker23-2009sep23,0,6092445.story

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From LATimes: "The loan will go toward development and production of its Karma plug-in hybrid sedan and development of Project Nina, its next-generation plug-in."

"The $528.7-million low-interest loan 'is another critical step in making sure we are positioned to compete for the clean energy jobs of the future,' Energy Secretary Steven Chu said. Over the summer, the department lent $8 billion to a variety of other automakers and suppliers under the same program.

The loans to Fisker are sure to spur the rivalry between it and Tesla Motors Inc., maker of a $109,000 all-electric sports coupe called the Roadster. Tesla, based in San Carlos, Calif., was awarded $465 million in Energy Department loans in June, primarily to build its second all-electric car, a sub-$50,000 sedan, in California."

More at link...
  1. groups:
    Community,   Green
  2. tags:
    Energy,  Automotive,  Hybrid
  3.     
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7 comments // Plug-in hybrid maker Fisker Automotive gets $529 million from Obama administration

  • masterzip
    • 0
      masterzip  

    • electricity is still a pollutant, and most electricity power plants are coal fired,..so we are exchanging one source of pollution for another,..hopefully a solar car with enough power to travel on nights and rainy days will eventually make it to the market....

    • 2 years ago
  • librelover
    • 0
      librelover  
    • masterzip:

      You are right... currently. However, it is far easier to diversify sources of electricity than to diversify sources of fossil fuels. We cannot immediately convert our energy sources, it requires planning, capital investment, and development. Give it time, and electricity will be the most valid source of energy as we can produce electricity from many sources. The longer tailpipe argument will become null and void... eventually.

    • 2 years ago
  • PompanoMinded
  • JollyGreen
    • 0
      JollyGreen  

    • Love IT! Tesla based in California and now Fisker, its great to see that American!, companies who are acctually being inovative and making cars that we want to drive, and are still green. =)

    • 2 years ago
  • JohnA
  • JohnA
  • boywhocould
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