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.

Read more

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.

Read more