Green Options

Three more car companies received sizeable loans from the federal government yesterday, but don’t worry; it’s not another bailout. In fact, the$8 billion is just the start of a larger $25 billion project called the Advanced Technology Vehicles Manufacturing Loan Program (ATVM for short) that was thought up back in 2007 and funded by Congress in late 2008 during the Bush administration. The project, overseen by the Department of Energy, is a federal grant and loan initiative bent on providing [...]

Nissan has announced plans to launch the large-scale production of electric cars and batteries in the United States, with a massive 50 billion Yen ($516 million) facility in Smyrna, Tennessee.

The site will be capable of knocking-out an impressive 50,000 to 100,000 EVs by 2012, with investment possibly DOUBLING to 100 billion Yen (more than $1 Billion).