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DOE Announces $528.7M Conditional Loan for Fisker Automotive for PHEVs

Green Car Congress

million conditional loan to Fisker Automotive for the development of two lines of plug-in hybrids—the Karma and the new Project Nina vehicle—by 2016. The Department plans to make additional loans under this program over the coming months to large and small auto manufacturers and parts suppliers up and down the production supply chain.

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US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

Green Car Congress

Estimated US supply of PEVs from 2011-2015. and model 2011 2012 2013 2014 2015. Fisker Karma EREV. Fisker Nina EREV. The President has announced that the FY 2012 Budget will include enhanced R&D investments in battery and other electric drive technologies. Ford Focus EV. Earlier post.).

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What's it gonna take?

Plugs and Cars

Fisker is delivering the Karma, but not without glitches and its DOE loan is being questioned. If we want to see more and more varied plug-in models offered, we’ve got to ensure that demand for plug-ins always exceeds supply. With the Fisker, you get flash. What needs to happen in 2012 to keep things moving apace?

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