DOE Closes $529M Loan to Fisker for Multiple Plug-in Cars
The Department of Energy announced today the closing of a $528.7 million loan with Fisker Automotive for the development and production of two lines of plug-in hybrid electric vehicles. This key wording in the press release is the use of the plural and the text describing “a line of family oriented models” produced by Fisker.
The appropriate dignitaries offered quotes—blending the energy-jobs message.
Veep Biden: “The story of Fisker is a story of ingenuity of an American company, a commitment to innovation by the U.S. government and the perseverance of the American auto industry. The Boxwood Plant is opening again, employing workers in Delaware, and is serving as a roadmap for all we can accomplish if everyone works together.”
DOE Chief Stephen Chu: “Not only will the Fisker projects contribute to cleaner air and reduced carbon emissions, these plug-in hybrid cars will help put American ingenuity at the forefront of automotive design and production. And they will bring innovative cars to the market place while putting American workers back on the job.”
The Karma is scheduled to appear in showrooms in late 2010. The purchase and retooling of a former GM plant in Delaware happens later, to manufacture the follow-up more affordable models. Those vehicles are expected to roll off assembly line in late 2012—realistically not until 2013.
New to EVs? Start here
Electric Cars Pros and Cons
EVs are a great solution for most people. But not everybody.
Seven Things To Know About Buying a Plug-In Car
A few simple tips before you visit the dealership.
Incentives for Plug-in Hybrids and Electric Cars
Take advantage of credits and rebates to reduce EV costs.
Buying Your First Home EV Charger
You'll want a home charger. Here's how to buy the right one.
The Ultimate Guide to Electric Car Charging Networks
If you plan to charge in public, you'll want to sign up for charging network membership (or two).
Electric Vehicle Charging for Businesses
How do you ensure that electric car owners will be happy with every visit to your charging spot?
How to Use the PlugShare EV Charging Station Tool
Locate EV charging stations and optimize their use with a powerful mobile app.
Quick Charging of Electric Cars
Add 50 to 60 miles of range in about 20 minutes. Here's how.
Calculating the Real Price of EV Public Charging
Compare the cost of charging on the road to what you pay at home.
Electric Vehicle Charging Etiquette
Thou shalt charge only when necessary. And other rules to live by.