DOE Sets Up $25B Loan Plan For Green Autos
On Thursday, the department released the interim final rule for the Advanced Technology Vehicles Manufacturing Loan Program, a measure that will assist eligible auto manufacturers and parts makers with the costs of re-equipping, expanding and establishing manufacturing facilities in the U.S. that will produce “advanced technology vehicles.”
The DOE said that the vehicles must provide “meaningful improvements” in fuel economy performance, which it defines as...
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