Admin. Announces $4.5 Billion In DOE Loan Guarantees For EV Charging

"The Obama administration has just announced that it will be making $4.5 billion in US Energy Department loan guarantees available for the support of a commercial-scale electric vehicle charging station buildout.

The initiative will see prominent auto manufacturers such as Ford Motor Company, GM, Nissan Motors, and Tesla Motors partnering with federal, state, and local governments for the buildout.

The move — announced by Brian Deese, Senior Advisor to the President, and Lynn Orr, Department of Energy Undersecretary for Science and Energy — is intended to support the faster (and easier) adoption of electric vehicles over the coming years."

James Ayre reports for CleanTechnica July 21, 2016.

SEE ALSO:

"This Is Obama’s Plan To Line The Country’s Roads With Electric Vehicle Chargers" (Washington Post)