Trump Budget Kills Off Loan Program That Helped Tesla, Nissan, Ford Build EVs

It was controversial, sure, but the Bush-era Advanced Technology Vehicle Manufacturing Program (ATVMP) was instrumental in the DOE helping a number of automakers bring their plug-in vehicles to market. Under the 2007 law, Tesla got a $465-million loan, then paid it back early to much fanfare. Ford ($5.9 billion) and… …read more