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 the ATVM eligibility requirements and the ATVM loan program overview, as well as our prior Updated Guidance for Applicants to the Advanced Technology Vehicles Manufacturing Loan Program. 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 well-suited for an ATVM loan.
To begin the consultation process with LPO, prospective applicants may contact LOP at ATVMLoan@hq.doe.gov.
COSTS AND FEES
No payment of fees to the Department of Energy is required to begin the pre-application process for an ATVM direct loan.
The costs of DOE's external advisors will be paid for by the applicant.
A fee of 10 basis points of the ATVM direct loan is required to be paid to the Department of Energy on the closed date of the ATVM direct loan.
CREDIT SUBSIDY COST
The Department of Energy uses monies appropriated by Congress to pay the credit subsidy costs of ATVM projects.