ALTERNATIVE FUELS * USA
* DC / Michigan - Plan to expand U.S. auto loan program faces bumpy road
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Washington,DC/Detroit,MICH,USA -Reuters/Automotive News -September 3, 2013: -- Democratic proposals to widen the scope of the Department of Energy's loan program for advanced cars could falter in the face of Republican opposition in Congress... Last week, the DOE said it was planning "an active outreach campaign" for its Advanced Technology Vehicle Manufacturing loan program, created in 2007 to spur the development of plug-in hybrid and electric vehicles... The department said it has more than $15 billion still on hand to dole out to potential applicants. Currently the program is limited mostly to manufacturers of light duty passenger vehicles or their components... Republicans in Congress have opposed direct government investment in solar companies, electric car companies and others that would help achieve the administration's clean energy goals, saying such investments amount to picking winners and losers...
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