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DOE Closes $529M Loan to Fisker Automotive

Green Car Congress

million loan with Fisker Automotive for the development and production of two lines of plug-in hybrid electric vehicles (PHEV). Fisker, a startup based in southern California, expects to manufacture the Karma and Project NINA lines at a recently shuttered General Motors factory in Wilmington, Delaware. Earlier post.)

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One way or another, Fisker Automotive may soon be off the market

Green Car Congress

The purchase funds for Fisker would in theory go directly to the DOE since the government agency loaned the auto company a large sum of money before it stopped production more than a year ago. However, the stipulation is an issue that’s caused other buyers to pull out of purchasing the company.

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False Starts: The Story of Vehicle-to-Grid Power

Cars That Think

They wanted to see whether an electric vehicle could feed electricity back to the grid. The concept behind V2G had gained traction in the late 1990s after California’s landmark zero-emission-vehicle (ZEV) mandate went into effect and compelled automakers to commercialize electric cars. AC Propulsion’s experiment was timely.

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