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DOE still has $16.6 billion left in ATVM loan program

The US Government Accountability Office (GAO) is questioning why Department of Energy (DOE) loan funds are not paying out as planned. The participation hurdle is high, and there's about $16.6 billion in green vehicle loan appropriations going unused, the GAO found.

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Obama calls for spending $2 billion in oil lease revenues on clean vehicles

President Obama wants to know how many clean cars $2 billion can buy. In an announcement expected later today, the President is expected to ask Congress to use $2 billion that the government has raised from allowing oil and gas exploration in the Outer Continental Shelf to fund clean energy transportation. That means plug-in vehicles, better batteries, biofuels and compressed natural gas vehicles.

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Obama picks new leaders for Dept. of Energy and EPA

President Barack Obama announced his nominees to lead the Environmental Protection Agency and the Department of Energy today. After speaking out about global warming in both his Inaugural Address and State of the Union speech this year, the President hopes that the new appointees will help lead the administration toward meaningful cli

Why Obama is Backing Away From Electric Vehicles

State of the Union mentions EVs, but lofty goals are evaporating

One year ago, President Obama used his State of the Union address to set a bold goal of U.S. consumers buying 1 million electric cars by 2015. But consumers aren't biting, and the Department of Energy and the White House are backing away.

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US Treasury signals it will sell off remaining GM shares

True to its word, the US Treasury Department has taken steps today to rid itself of its remaining 300-million shares of General Motors stock. The Treasury has engaged both JP Morgan and Citigroup Global Markets to handle the sale of the remaining shares, reports the Detroit Free Press.

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What changes might green car policies see under a Romney presidency?

A downward-revised Corporate Average Fuel Economy (CAFE) standard and a push away from electric-drive vehicles and towards alt-fuel types such as natural gas may be some of the transportation measures in store if Mitt Romney beats Barack Obama in the US presidential election next month, Automotive News reports. A removal of tax credits for electric-vehicle buyers could also be on the table, says Hybrid Cars.

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