Is the DOE giving any loans to American car companies for green cars?



  1. 0 Votes

    Yes, lots of money for grants and not just loans. The DOE announced $2.4 billion in grants to aid the development and production of electric vehicles.  This was part of the funds from the stimulus plan, and the money is being made available to to US companies and companies with factories in the US.  For example British truck make Modec will partner with Navistar which has recieved $39 million toward building electric commercial vehicles, and Smith Electric Vehicles received $10 million for making medium duty electric trucks.

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