Ford Scores [An Additional] $10m in Taxpayer Money for EV Fleet
October 7th, 2008 9:07 AM Share
There was a time when $10m seemed like a lot of money. It still does to me personally, but on the scales of corporate and government finance it is, well, almost nothing. Lest we forget, Ford’s lining-up for its share of $25b in low-interest loans provided by you [via The Department of Energy] to retool its way out of a sea of red ink (in theory). Meanwhile, the AP dutifully reports that Ford’s receipt of a $10m Department of Energy grant to cover half the cost of a planned 20 vehicle plug-in Escape test fleet. “Ford is working on a three-year project to demonstrate the vehicles and understand how they will interact with utilities around the country, a key step in commercializing cars that can be recharged by plugging into a standard wall outlet.” At one million bucks per test vehicle, they’d better be good!
Published October 7th, 2008 9:07 AM