Feds lend Tesla $465 million to build electric car (Congress, legal, Obama)
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The Obama Administration will lend Tesla Motors $465 million to build an electric sedan and the battery packs needed to propel it. It's one of three loans totaling almost $8 billion that the Department of Energy awarded Tuesday to spur the development of fuel-efficient vehicles.
The Obama Administration will lend Tesla Motors $465 million to build an electric sedan and the battery packs needed to propel it. It's one of three loans totaling almost $8 billion that the Department of Energy awarded Tuesday to spur the development of fuel-efficient vehicles.
Soo.. we're basically funding a car that is even more harmful to our environment than what we already have? The batteries for even the hybrids is already damaging enough - let alone one that will actually power a car entirely! Then there's the thought of how to recharge that battery... (since just tossing them out would be atrocious to the environment)
Plug it into an outlet from your home? I'd love to see some of the lesser maintained electric grids handle that.
The Obama Administration will lend Tesla Motors $465 million to build an electric sedan and the battery packs needed to propel it. It's one of three loans totaling almost $8 billion that the Department of Energy awarded Tuesday to spur the development of fuel-efficient vehicles.
I love this piece of news, had the same thoughts for quite some time; have been following the renewable energy biz a while now. Electric Vehicles (EVs) are going to be a real player in our future. Tesla has been making a superb roadster for a while; though pricey, its a head snapping sportscar and they've been working on a more affordable EV for a larger market.
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Originally Posted by SouthCity09
Great...finally a admin. thats not in the bed with oil companies...Vamos Obama!
My thoughts too. Ironically, Exxon is one firm with battery technology it has bought / developed that is being used in some newer EVs. We'll find a way to deal with the environmental impacts of battery production, but to deny EVs to a world that needs them by raising concerns about the waste stream is hypocritical considering the horrific wastes of other industries, not to mention the oil / coal industries themselves. People should look at the moonscape that now exists in large parts of southern WV after coal mining firms have scraped away the mountain tops to get the coal in an easy way, with all the poisoned streams and ruined lives left in the industry's wake.
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Originally Posted by ViewFromThePeak
Nope, just in bed with coal companies. After all, electricity is hugely generated from coal.
Coal will slowly lose it's grip, on congress and on utilities, it's just too dirty. This year there are 2.4GW of utility-grade solar power planned, though the coal industry is fighting them as much it can to maintain their hegemony.
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Originally Posted by vec101
Why not to GM? We already own it.
That's been one of my pet ideas for a while, too, one of those "marriage of convenience" deals. We have idle plants which could be converted to EV assembly, we just have to work the contractual / legal arrangements to make it happen.
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