29 Mar '12, 8pm

Coda shelves plans for Ohio battery plant because of DOE inaction

It's great that the DOE has loan program that targets plug in vehicles and technologies and it looks like they spread it around in good manner - but when you don't come through with the loans (via delays or restrictions that are very hard to meet) then you end up doing more damage to this industry that you are trying to foster than if you didn't make the loans in the first place. All this seizing up of the loans started happening after the GOP made such a stink about Solyndra (the Wall Street Journal's top Green Company in 2010) - now they've made the DOE so gun-shy of fulfilling their loans its putting the companies depending on the loans at risk (mission accomplished for the GOP?). How many times have we heard of one of these firms who had thought the loan was coming for sure, then it gets delayed or just isn't coming and puts them into worse financial hock because they ...

Full article: http://green.autoblog.com/2012/03/29/coda-shelves-plans-f...

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