Government ATVM Green Loan Program Restarts

2012 was a year of political football for American automakers new and old, with Republicans and Democrats punting GM, Tesla, and Fisker back-and-forth before the presidential election. It got so bad that President Obama put a temporary hold on the Advanced Technology Vehicle Manufacturing green loan program, but that hold has been lifted and applicants are encouraged to apply once again.

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Congress May Cut Green Auto Loans Program, We Say Good

In 2008 then-President George W. Bush, with approval from a Democratic majority in Congress, funded the Advanced Technology Vehicle Manufacturing loan program to the tune of $25 billion. Five years later and less than half of that money has been given out, and to just five companies. A panel in the House of Representatives wants to cut the funding to put money towards fighting wildfires in the west…and it’s honestly a better use of the money at this point.

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