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DOE Turns Down V-Vehicle Loan Applications

Green Car Congress

San Diego, Ca-based V-Vehicle Company (VVC) ( earlier post ) has been informed that the Program Office of the US Department of Energy (DOE) will not recommend approval of VVC’s two loan applications for $321.1 million to re-equip and tool an existing manufacturing facility as VVC’s first regional assembly plant in Monroe, Louisiana.

San Diego 186
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US DOE Awards $300 Million in Clean Cities Grants to Support Alternative Fuels, Vehicles, and Infrastructure Development

Green Car Congress

The stations will allow the fleets to lower their costs by buying fuel in bulk, access federal motor fuel excise tax credits, refuel at the times most convenient to their schedules, and model successful use of propane to nearby peers. To support the vehicles, 35 propane refueling stations will be constructed. Total DOE award: $12,633,080.