Nissan’s $1.1 billion loan likely to be approved by DOE

Nissan’s $1.1 billion loan likely to be approved by DOE

After I did a video interview with the head muckidimucks at Nissan electric car program they seemed to get the DOE loan that Nissan applied for to help it build electric cars and advanced batteries is likely to be approved for $1.1 billion, according to a report that cited “unidentified sources” in Kyodo News.

The loan will probably speed up Nissan’s already fast-moving electric car program that is moving forward across the globe. Some of the U.S. city and state governments that are working with Nissan on EVs include Raleigh, Phoenix, Tucson, California; Tennessee; and Seattle. The DOE money would be used to upgrade the company’s Smyrna, Tenn., assembly plant and build a new facility for battery production.

More on Electric Vehicles From The Green Living Guy

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More from The Green Living Guy:

 1. Build Your Own Electric Vehicle by Seth Leitman and Bob Brandt

2. Build Your Own Plug-in Hybrid Electric Vehicle by Seth Leitman

3. Build Your Own Electric Motorcycle by Carl Vogel

Written by greenlivingguy

The Green Living Guy, Seth Leitman is a green living expert, celebrity and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author, Radio Host, Reporter, Writer and a Environmental Consultant on green living. The Green Living Guy writes about green living, green lighting, the green guru guides and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke # Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power System by Brian Clark Howard and Kevin Shea # and more green living books to follow.