January, 2010: Japan's 3rd largest car producer Nissan
received a US$1.4 billion loan from US Department of Energy
to upgrade its Tennessee factory for manufacturing of electric
cars. Zero-emission electric vehicles will be powered by
lithium-ion batteries.
In 2007 the USA government has setup 'Advanced Technology
Vehicles Manufacturing Loan Program' with US$25 billion
budget to assist car manufacturers in transition to building
cars with low pollution emissions. The goal of this program
is to reduce US dependence on fossil fuel energy, reduce
pollution and at the same time assist US economy.
Detroit car manufacturer Ford received US$5.9 billion loan
in the late 2009, and two Californian automotive companies
Tesla Motors Inc. a startup electric car manufacturer received
$465 million as well as Fisker Automotive received $528.7
million.
In November 2008 the Australian Government prommissed AUD$6.2
billion over the next 13 years to help boost national car
manufacturing. There was no mentioning of electric cars
production.
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