REPORT: Energy Secretary Chu - "I would put every cent into electric cars"

U.S. Secretary of Energy Steven Chu has a penchant for making some straightforward statements about energy policy. He’s said that electric vehicles are inevitable, for example, and that all American cars should be E85-capable. Recently, he apparently said that “if it were up to me, I would put every cent into electric cars.”

This quote, which was relayed by unnamed alternative energy developers who were at a recent meeting on alternative fuels, is sure to stir up the whole hydrogen vs. plug-in cars debate that’s been going on since the DOE slashed H2 funding in May. The Senate Energy and Water Development Appropriations Subcommittee responded by marking up the FY 2010 DOE budget and restoring the hydrogen vehicle funding.

If Chu did say what it’s reported that he said, then it should be clear that it isn’t an official reversal of the Senate’s work. It just shows that there are some serious disagreements in Washington about how to best fund the future - and what that future should be. But the DOE is in charge of some big things and, this year, it has handed out billions in loan guarantees for plug-in vehicles, including money for Ford ($5.9 billion), Nissan ($1.6 billion), Tesla Motors ($465 million) and Fisker ($528 million).

[Source: Biofuels Digest]

REPORT: Energy Secretary Chu - “I would put every cent into electric cars” originally appeared on Autoblog on Wed, 14 Oct 2009 11:29:00 EST. Please see our terms for use of feeds.

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Autoblog Podcast #149

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Episode #149 of the Autoblog Podcast, the first frost edition, has arrived. The Tokyo Motor Show is coming up, and there have been a couple previews of what to expect there. The Toyota FT-86 concept has had everyone abuzz with its heralding as the spiritual successor of the much-beloved AE86 of the 1980s. Also building excitement for Tokyo is Subaru’s Hybrid Tourer concept. Moving on from Asia, we touch on Lancias being rebadged as Chryslers before wrapping up with Chrysler and Fiat’s collaboration on an electric car. Very last, we hit up some questions before calling it a night and going to sleep off our ailments. Keep the feedback rolling in to Podcast at Autoblog dot com, thanks for filling our survey with data, and we’ll see you soon for #150! Remember, if you get lonely, there’s always Joystiq and Engadget. Thanks for listening!

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Autoblog Podcast #149 originally appeared on Autoblog on Wed, 14 Oct 2009 10:44:00 EST. Please see our terms for use of feeds.

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