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LPO Financing Can Fuel a New Wave of Vehicles

Loan Programs Office clarified eligibility for alternative fuel vehicle infrastructure under Title XVII and ATVM

Loan Programs Office

January 9, 2017
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Alternative fuel vehicles such as electric vehicles (EVs) and fuel cell electric vehicles (FCEVs) are rapidly changing the U.S. transportation industry. As deployment of these vehicles expands, there is also a growing need for the infrastructure to support these vehicles.  

As a result of this evolving landscape, DOE’s Loan Programs Office (LPO) today clarified that the deployment of alternative fuel infrastructure and associated hardware and software costs may be eligible under the Title XVII loan guarantee program. Additionally, the manufacturing of infrastructure, including associated hardware and software, for FCEVs, EVs, and other alternative fuel vehicles may be eligible under the Advanced Technology Vehicles Manufacturing (ATVM) loan program.

LPO has published a web page to provide more details about eligibility for the deployment and manufacturing of infrastructure for alternative fuel vehicles and EVs, including a fact sheet about today’s announcement.

Tags:
  • Electric Vehicles
  • Clean Energy
  • Renewable Transportation
  • Advanced Manufacturing Processes
  • Deployment