Nissan Seeking $1.1 Billion in Loans From Federal Government for Electric Vehicle ProgramNissan Seeking $1.1 Billion in Loans From Federal Government for Electric Vehicle Program

Eric Loveday

May 29, 2009

0 Comments

Electric

Nissan is enduring hard times right now and is seeking $1.1 billion in low interest loans from the U.S. Government to help fund their hybrid and electric vehicle programs.
The government has set aside $25 billion in funding to help support advanced technologies in the automotive field. These technologies apply to electric vehicle, alternative fuel vehicles, and other advancements that produce a low emission vehicle.
Nissan has been regarded as a leader by many in the electric vehicle field. They have set up agreements with many states in the U.S. and countries throughout the world. The agreement aims to provide charging infrastructures for electric vehicles in the near future through programs that aim to put electric vehicles on the streets nearly everywhere.
Now Nissan needs help in their efforts and according to several source will be approve for the loan. When approved, Nissan will move forward quickly with their EV plans and hopes to become the front runner in the EV race.
The company is seeking an additional $1.1 billion from the Development Bank of Japan, a bank backed by the nation, and has previously borrowed over $500 million from the Japanese government.
Hopefully, the additional funds will allow Nissan to push forward and development the electric infrastructure that they have laid out plans for across the U.S.
Source: Edmunds

View original artcle at: “https://www.greencarreports.com//news/1021109_nissan-seeking-1-1-billion-in-loans-from-federal-government-for-electric-vehicle-program”

Electric

Add a comment Cancel reply

Comments (0)

i was reading this

… [Trackback]

[…] Here you will find 62845 more Info to that Topic: autoseu.com/nissan-seeking-1-1-billion-in-loans-from-federal-government-for-electric-vehicle-programnissan-seeking-1-1-billion-in-loans-from-federal-government-for-electric-vehicle-program/ […]

Your comment is awaiting moderation

Mushroom Golden Teacher

… [Trackback]

[…] Read More Information here on that Topic: autoseu.com/nissan-seeking-1-1-billion-in-loans-from-federal-government-for-electric-vehicle-programnissan-seeking-1-1-billion-in-loans-from-federal-government-for-electric-vehicle-program/ […]

Your comment is awaiting moderation

About us

John Hendricks

Blog Editor

We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods..

VW electric car sales plunge: Why are Europeans returning to petrol?

April 11, 2024

By Angela Barnes Sales of Volkswagen electric vehicles in Europe fell by almost a quarter in the first three...

Volvo EX30 in the test: Really a premium car at a volume price?

Stephen Edelstein

November 16, 2023

It starts at 36,590 euros, but how good is the small SUV? The EX30 is Volvo’s designated bestseller:...

VW ID.7: Estate is not called Variant... It's a Tourer

Stephen Edelstein

November 16, 2023

The car will be presented without camouflage in the coming months The station wagon version of the VW...

MG4 XPower (2023) in the test: The inexpensive rocket

Bengt Halvorson

November 16, 2023

320 kW, all-wheel drive and 3.8 seconds to 100 allow you to hunt Porsches in a compact car...

With a market presence in 9 countries AutosEU is an important part of the entire EU alternative mobility industry. AutosEU empowers people to drive their dreams by making the buying experience more simple, efficient and stress-free.

+420 773 969 126

[email protected]

Náměstí I. P. Pavlova 1785/3, Nové Město, 120 00 Praha, CZ IČO: 09652914 VAT Number: CZ09652914