We think it played a very important part in actually helping not only, you know, innovative companies, but also established companies, in developing a new line of automobiles with advanced technology that get better mileage and are at high efficiencies.
Chu supports the advanced technology automobile program's role in improving efficiency.
Share
More from Steven Chu
The United States faces a choice: Will we lead in innovation or will we fall behind?
Whether the investors are Republicans or Democrats did not enter into any decision as to whether we were going to fund the loan.
I think many of my Republican colleagues see energy research as an appropriate role for the Federal Government.
Are we in favor of the advanced technology automobile program that we have and its loan, and the answer is yes.