Section 136 of the Energy Independence and Security Act of 2007 establishes an incentive program consisting of both grants and direct loans to support the development of advanced technology vehicles and associated components in the United States.
The Department of Energy (DOE) is charged with administering the section 136 program, known as the Advanced Technology Vehicles Manufacturing Loan Program (ATVM).
Under section 136, the ATVM provides loans to automobile and automobile part manufacturers for the cost of re-equipping, expanding, or establishing manufacturing facilities in the United States to produce advanced technology vehicles or qualified components, and for associated engineering integration costs.
The FY 2009 Continuing Resolution (CR) enacted on September 30, 2008, appropriated $7.5 billion to support a maximum of $25 billion in loans under the ATVM. Also, the CR provides DOE $10 million to administer the program. The CR further requires DOE to issue an interim final rule within 60 days of the effective date of the CR to administer the loan program and establish eligibility requirements for both the grant and loan programs.
Please contact the ATVM Loan Program Office
if you have questions. |
