US President Barack Obama has set aside some $4 Billion for energy independence in the form of subsidies and loans.
Just 60-odd days after the government sold off its GM stock, the company issued a massive recall that sent stock prices plummeting. Was it insider trading?
The Farm Bill will help Extreme Biodiesel and hemp-based biodiesel bring us one step closer to Cheech & Chong’s Sweet & Low Upholstery van…maybe.
U.S. Transportation Secretary Ray LaHood has left the Obama administration after several years of encouraging biking and walking while discouraging cell phones. During his departure, Secretary LaHood said, “By 2025, all of us, every family, will have some kind of hybrid or electric vehicle,” a very encouraging (if overly optimistic) prediction from a high level government official, and a Republican at that.
President Obama proposed in his State of the Union Address creating an Energy Security Trust to invest in research and technology that will “shift our cars and trucks off oil for good”.
Politically, a line was drawn clearly in the sand separating the ideological views of conservatives and liberals in terms of their option on the current state of alternative fuels in the United States. With President Obama reelected it seems that the current support for alternative fuels will continue. One would think that it would mean that cries for fiscal responsibility from the right will not be far behind; however that might not be the case.
$90 billion. The Obama administration has put $90 billion in subsidies into solar and wind energy companies and about half of the companies have failed. That is the claim that Romney has said debate after debate. The argument is that the $90 billion could have been spent on something else. Solyndra and Ener1and now A123 […]
In response to constant public slams by Republican Presidential Candidate Mitt Romney Fisker Automotive has said, “we don’t consider ourselves a loser, having sold 1,500 cars already and raised over $1.2 billion of private equity.”
Alternative fuels and electric vehicles (EVs) and were mentioned in all three of the Presidential Debates and very briefly during the Vice Presidential Debate. That is really something for EVs. For the longest time EVs were hobbyist’s projects in garages, and it was not until recently that EVs became widely available to consumers and not […]
Vice Presidential candidate Paul Ryan, the fiscal conservative hero of the Republican Party, once supported a US Energy Department loan program aimed at developing greener cars. Furthermore, Ryan even called for DOE to hand out lump-sum payments to companies. My, how times have changed since 2008 and 2009.
And they are off! This election year is heating up with the first Presidential Debate now behind us. One of the big issues is the failure of Obama’s green energy projects. To the Republican’s the supposed green energy failure is a prime target for wasted spending by the government in hard economic times.
The closing keynote at the Silicon Valley EV Symposium was Ray Lane, managing partner at VC Firm Kleiner Perkins Caulfield & Byers, and Fisker board member. Ray began with his involvement with the Electrification Coalition and discussed everything from the state of clean tech investing to politics to how much he loves his Fisker.