Yet an audit this year by the Government Accountability Office, the investigative arm of Congress, criticized the Energy Department for not keeping close enough tabs on its fleet of auto loans including those to Fisker and Tesla to ensure they meet benchmarks. The funding was issued under the $25 billion Advanced Technology Vehicles Manufacturing loan program, one piece of a giant umbrella of DOE loans and loan guarantees going out the door.
DOE cannot be assured that the projects are on track to deliver the vehicles as agreed, said the GAO report examining the departments ATVM program. It also means that U.S. taxpayers do not know whether they are getting what they paid for through the loans. [emphasis mine]
Update: Fisker Karma Electric Car Gets Worse Mileage Than an SUV
This all needs to be shut down now.
I can’t believe we haven’t heard “moratorium” on Capitol Hill yet.
These people get caught with their fingers in the guacamole over and over again and the “loans,” which uniformly put taxpayers at great risk, just keep flowing. Right in the open, too!