Pennsylvania Congressman Defends Electric Car Loans
Easton's congressman on Wednesday defended the nation's $8 billion loan program to boost electric cars and other advanced vehicles, during a heavily politicized hearing focusing on troubled automaker Fisker Automotive Inc.
The Energy Department did not realize for four months that Fisker had missed a crucial production target that was required as part of a half-billion dollar government loan, documents released Wednesday show. The mistake allowed Fisker to obtain an additional $32 million in government funding before the loan was suspended in June 2011.
Rep. Matt Cartwright, a freshman Democrat whose 17th Congressional District in Pennsylvania includes the Easton area, said the $192 million received by Fisker before the loan was suspended represents just 2 percent of the overall loan program.
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