US Gives 1.4 Billion Loan To Nissan For Electric Cars

Washington — Nissan Motor Co. said it will begin U.S. production of its all-electric Leaf on Thursday in Tennessee as part of a $1.4 billion government loan.

The Japanese automaker won an Energy Department loan in 2010 to build a battery plant in Smyrna, Tenn., and to retool to build the Leaf at its assembly plant next door.

The Leaf will be built alongside the company’s gasoline-powered products.

Nissan says it is the only automaker that manufactures its own electric vehicle batteries, at the biggest lithium-ion automotive battery plant in the United States.

The Leaf’s sales have struggled and the automaker failed to double sales in 2012 as it had predicted and instead sold about the same number as in 2011.

Read More at detroitnews.com . By David Shepardson.

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Comments

  1. Whoopie, another taxpayer fraud.

  2. I share your vision for a future with everything electric, it's very compelling. But how just are we supposed to get there without burning coal or natural gas, and whilst trying to lower carbon emissions? Like someone pointed out in the Skeptics audience "Do you think it is possible to have innovation in energy and technology without growth?" Have you had any time to consider this question? I'd love to hear your answer.
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