Today were bringing you several updates in the alternative energy market. Most notably, The US Department of Energy has made several large investments in sustainable automobile projects. And weve got a special interview with Dale Long, CEO of EVCARCO, where well learn a little bit about the companys future driven plans. Im Leila and this is The Green Wrap Up. MARKET UPDATE: The US Department of Energy just announced a $465 million loan for Tesla Motors, a $526 million loan to Fisker Automotive Group ; with more money being poured into additional sustainable energy products. Popular automaker Nissan was awarded $1.6 billion and noted investor Warren Buffett has put $230 million into BYD. Fisker will be using their newly acquired money to manufacture between 75 and 100,000 of their plug-in hybrids starting in late 2012. The company has plans to sell the vehicles in the U.S. and European markets. Tesla will be using their funds from the Department Of Energy to finish production of their electric sedan the Model S, with a small portion of the money being used to help the company set up for the manufacturing of battery packs and electric drive trains. And Toyota recently announced a $50 million stake in Teslas new, cutting-edge ideas. University of California, Berkley professor Harley Skaiken called the pairing path-breaking and historic and added Toyota is very conservative, for investors and Tesla; they can take that to the bank. Youll start seeing these investments pay off soon when many of these vehicles and electric advancements will be hitting the streets nationwide.

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EVCARCO is a new idea in the way we drive today. Were a forward thinking company focused on making a difference in the world. Our mission is to bring you a wide selection of the worlds best environmentally friendly vehicles available. Were the first automotive retail group dedicated to deploying a coast-to-coast network of eco-friendly dealerships and vehicles. We have alternative fuel vehicles, plug-in electric cars, hydrogen fuel injection cars, and hybrid systems from well-known auto makers and eco-friendly car makers you havent heard ofyet. We bring to market the most advanced clean technologies available, and are on the cutting edge of alternative fuel vehicles. We offer both new and pre-owned. In fact, were dedicated to finding the very best eco-friendly vehicles on the market. Based in Fort Worth, Texas, EVCARCO plans to open showrooms in 20 new markets across the nation in the next 24 to 48 months and offer their business model as a franchise opportunity. By offering you a wide selection of environmentally friendly vehicles both online and at dealerships around the U.S. its easy to make a choice for a greener world.

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