Jul
21
Anxiety-Free Electric Car Journeys Are Goal of U.S. Loan Program
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Ford, GM, Nissan, Tesla join with U.S. government, utilities
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U.S. to offer $4.5 billion to back nationwide charging network
The Obama administration will invest as much as $4.5 billion to build electric-car charging stations, creating a network stretching coast-to-coast to reduce “range anxiety” and potentially improve consumer acceptance of the lower-polluting vehicles.
The initiative will release the Energy Department loan guarantees to support a commercial-scale roll out of charging stations, with federal, state and local governments partnering with automakers like Ford Motor Co., General Motors Co., Nissan Motor Co. and Tesla Motors Inc…
Anxiety-Free Electric Car Journeys Are Goal of U.S. Loan Program
