U.S. fund for developing electric cars is untouched | WHAT REALLY HAPPENED


U.S. fund for developing electric cars is untouched

The U.S. Energy Department has $25 billion to make loans to hasten the arrival of the next generation of automotive technology - electric-powered cars. But no money has been allocated so far, even though the Advanced Technology Vehicles Manufacturing Loan program, established in 2007, has received applications from 75 companies, including start-ups as well as the three Detroit automakers.

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