DOE Closes $529M Loan to Fisker Automotive
Green Car Congress
APRIL 23, 2010
Fisker automobiles are range-extended electric vehicles, driven by electric motors that get their power from a rechargeable Lithium-ion battery, or, when that is depleted, by a generator driven by an efficient gas-powered engine. The DOE had awarded a conditional $528.7-million million loan to Fisker in September 2009.
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