I sat down with Jim Press, President and Vice Chairman of Chrysler LLC at the Western Automotive Journalists (WAJ) meeting.
Press talked about the billions of dollars needed to fund the Lithium-Ion battery, which will make the electric car viable.
The billions needed for the battery are in a loan guarantee that is part of the energy bill stuck in Congress. The funding would be up to $50 billion over 3 years. $25 Billion has already been approved by Congress. The money would be used to fund plants, and to build more fuel-efficient cars with advanced technology.
Note: this is a loan, a low-interest loan, but a loan all the same.
Which Presidential candidate does Press think is more positive on an energy policy?