Obama has backed the new energy auto restart lending assistance project Tesla

Xinhuanet.com2013-08-30

   This week, as the situation in Syria pushed up international oil prices,TeslaEtc.New energyConcept in theU. S. stocksContinue to shine. Tesla stock price once reached 173The dollarThe record, the total market value of the stock broke through the $20000000000 mark

The Obama Administration for the support of new energy vehicles and then a generous.

American Department of energy revealed this week, one of the country's controversial for new energy automobile loan project will restart, accept the auto maker application. Previously, Tesla and another electric car maker Fisker are the beneficiaries of the project.

America Energy Ministry spokesman Mike Arthur Ben Zhou said, starting at the time of George W. Bush's advanced technology vehicles total US $25000000000 manufacturing (ATVM) loan project, there are still about 60% of the remaining funds (about $15000000000), the authorities encourage car manufacturers to actively apply for the loan project.

In 2008 September, George W. Bush launched the advanced manufacturing technology loan project, the project in 2011 to stop accepting car loan application.

So far, most ATVM projects receive financial assistanceFord carThe company received a $5900000000 low interest loans. In addition, Nissan and Tesla were $1600000000 and $465000000, to help these enterprises in the production of lithium ion battery and electric vehicle development.

American government introduced the ATVM project, mainly to help manufacturers and suppliers to achieve energy efficiency standards for federal government. According to estimates, in 2020 before reaching more stringent vehicle average per gallon energy-saving standard of 35 miles, the total investment USA carmakers will reach $100000000000.

However, the ATVM project was controversial from the launch date. Many Republicans think, the Obama administration is a waste of taxpayer money, money in the so-called green energy projects.

Although the ATVM project has some failure cases, such as Fisker (accept the loan soon after, but so far failed) one of the biggest bright spot, may be new Tesla funding for electric vehicles.

This year in May, Tesla 9 years early repayment of the loans borrowed by $465000000 ATVM project, became the first company to repay the loan USA automobile enterprise ATVM project. At present, Ford and Nissan is still in the process of government loan repayment. (reporter Zhu Zhou Liang)

(Shanghai Securities News Zhu Zhouliang)