Despite Failures, DOE Green Loan Program Not Such A Flop

With recent high-profile failures of government-backed alt-fuel projects including Fisker Automotive and the Vehicle Production Group, one wouldn’t be blamed for thinking the green energy loan program was a flop. But a well-written analysis of the program finds that, despite incessant criticisms, the program did better than some people would have you think.

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Tesla Motors Repays $465 Million Government Loan

There have been plenty of doubters, haters, and detractors from Elon Musk’s electric car dream. For a while there his baby, Tesla Motors, was a political football punted between Democrats and Republicans. But with the full repayment of the $465 million Tesla borrowed from the U.S. government, Tesla has not just defied the odds, but proven the viability of a pure electric automaker.

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