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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

Charging infrastructure financing: Unlocking Up $4.5 Loan guarantees can be an important tool to commercialize innovative technologies because these projects may be unable to obtain full commercial financing due to the perceived risks associated with technology that has never been deployed at commercial scale in the United States.

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Automakers agree on common plug to recharge electric vehicles

Tony Karrer Delicious EVdriven

Were told that the agreement includes nods of acceptance from the likes of Volkswagen, BMW, Ford, General Motors, Fiat, Toyota, Mitsubishi, Eon, Vattenfall, EDF, Npower, Endesa and Enel, and while theres no time frame for when itll be introduced, were pretty stoked to hear that at least something has been decided upon.

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Power Area plans $362 million mortgage for EV wiring startup CelLink

Baua Electric

The mortgage constancy comes later CelLink closing occasion closed on a $250 million investment spherical with backers together with BMW and providers Lear Corp. “So having an entity like [the Energy Department] there to help finance this is very helpful, so that we can use our equity dollars for other things like growing the business.”

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