In 2007, the federal government created the Advanced Technology Vehicle Manufacturing initiative to help automakers and suppliers develop alternative technologies.
According to DetNews, on Tuesday, March 13, during an Energy and Natural Resources Committee hearing, many senators accused the Department of Energy (DOE) of mishandling the US$25 billion program.
They said that the DOE had not offered a new retooling program in a year and no new major loans in the past two years. Republican Senator Lisa Murkowski said that the department had made the program “virtually dormant”, while others, like Senator Rand Paul, went as far as saying that “we need to get out of this business” as the program makes no sense at all.
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