Future of Electric Car Loans ‘Remains to Be Seen,’ Chu Says
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Energy Secretary Steven Chu said it “remains to be seen in the future” whether about $16 billion in available U.S. government loans to develop alternative-technology vehicles will be disbursed.
Providing money for electric-vehicle development was a component of President Barack Obama’s goal of having 1 million plug-in vehicles on U.S. roads by 2015, a number well above current forecasts.