The Advanced Technology Vehicles Manufacturing (ATVM) direct loan program was established in Section 136 of the Energy Independence and Security Act of 2007 to support the production of fuel-efficient, advanced technology vehicles and qualifying components in the United States.
The ATVM loan program provides direct loans to automotive or component manufacturers for reequipping, expanding, or establishing manufacturing facilities in the U.S. that produce fuel-efficient advanced technology vehicles or qualifying components, or for engineering integration performed in the U.S. for advanced technology vehicles or qualifying components.
To date, the program has supported the production of more than 4 million advanced technology vehicles and has over $16 billion in remaining loan authority.
LPO is currently updating the process by which it will accept and review new applications for ATVM loans, and is employing an enhanced pre-application consultation process, to better prepare prospective applicants to submit successful applications. Pending an announcement of such updates, prospective applicants are encouraged to review eligibility requirements, ATVM program overview, and guidance for applicants before applying. While such guidance is expected to be revised, it is good background for prospective applicants on the kinds of information they should consider to determine if their projects are likely to be suitable for an ATVM Loan.
To begin the consultation process with LPO, prospective applicants may contact LPO at email@example.com.