The Coming EV Glut

Ever since last month’s bankruptcy of Solyndra, the Fremont (Calif.) solar panel maker that received $535 million in federal loans, government support for green-tech projects has been under fire. Republicans already want to cut back on a program that has approved $9.1 billion in loans from the Energy Dept. to carmakers who are willing to boost fuel economy or put electric power under the hood of future models. It’s way too early to say that the program will turn up another Solyndra. In fact, Ford (F) and Nissan (NSANY) qualified for the bulk of the money, and both are plenty capable of paying off the debts.

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