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High five, Tesla fans -- everyone's favorite incredibly controversial electric car company has just been granted $465m in loans from the Department of Energy's Advanced Technology Vehicle Manufacturing program. The bulk of the money will go towards that postponed Model S factory, while the remaining $100m will be used to fund an electric powertrain manufacturing facility that will sell parts like motors and battery packs to other carmakers. Tesla wasn't the DOE's only big winner: Nissan received $1.6b (billion!) to build batteries and EVs in Tennessee and Ford received an undisclosed amount to build two upcoming electric cars, but since those companies have largely drama-free upper management that isn't constantly involved in lawsuits, it feels a little more routine. Still, it's an exciting time -- let's hope all these tax dollars turn into affordable, convenient electric transportation sooner rather than later.
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The following user says Thank You to Big Mike for this post:
Well, for stock players looks like electric utilities are a good long term play.
I still prefer air compression. 2-3 mins to refill. No heavy battery to dispose of. An Italian guy made one that mainly runs under its own steam by compressing air as it travels, but it does need an initial tank (also can be of air) to get started, although maybe it keeps a tank filled all the time to avoid that problem, can't remember. In any case, once under way it doesn't even need a compressed air tank.
Nifty design with an engine that looks like an 18" flying saucer. Unbelievably simple, very few moving parts albeit six chambers in which air goes in, then a piston compresses it using the momentum of the vehicle to do so, i.e. as the wheel turns the air gets compressed one chamber at a time around the circle. Lost the link unfortunately. Several years ago.
In any case, am sure it has been suppressed. Far too efficient. No residual income in it for governments and large corps!
From a related article:
"But if not, think twice about your driving schedule with the all-electric sports car, because while you can technically power a Roadster from any standard wall outlet, the amount of draw a standard 110v / 15A plug delivers would mean a 30 hour wait to juice up your vehicle's thousand pound battery pack."
Comment below nails it:
"Luckily only a few rich people will have these. Electricity is cheaper at current usages but if everyone had these the supply would increase and we would need to build more plants and increase the price." Yup, lots of loverly residual income. And he didn't mention the new carbon taxes which electricity usage will be garnering - to a world government type thingy.
It ain't gonna happen. I got these links because I did a Google news search to see if TATA was coming out with their promised air car this year. Apparently they have shelved it. Didn't work. But they had a fleet of about 50 taxis or something in Switzerland (?) years ago using the design which is why TATA got interested.... who knows? Ask Stan Meyer about hydrogen from water. Oh you can't, he died suddenly...
Last edited by cclsys; December 24th, 2009 at 07:57 AM.