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Advanced Technology Vehicle Manufacturing Loan Program

Federal Agency: Department of Energy
Bureau or Office: Loan Programs Office

IRA Statutory Location: 50142

Program Description: To provide loans to support the manufacture of eligible advanced
technology vehicles and components under the Advanced Technology Vehicles Manufacturing
Loan Program (ATVM), including newly authorized uses from the Bipartisan Infrastructure
Law. Expanded uses include medium- and heavy-duty vehicles, locomotives, maritime vessels
including offshore wind vessels, aviation, and hyperloop. IRA removed the $25 billion cap on
ATVM loans and appropriates $3 billion in credit subsidy to support these loans.

Funding Amount: $3,000,000,000

Period of Availability: To remain available through September 30, 2028.

Funding Mechanism: Loans

New or Existing Program: Existing with Substantive Modifications

Eligible Recipients: A manufacturer of eligible vehicles or of components or materials that
support eligible vehicles’ fuel economy performance.

Tribal Eligibility: Yes

Eligible Uses: Manufacturing a range of advanced technology vehicles and their components,
including light-duty vehicles, medium- and heavy-duty vehicles, locomotives, maritime vessels
including offshore wind vessels, aviation, and hyperloop. The Inflation Reduction Act specifies
that funds may be used for the costs of providing direct loans for reequipping, expanding, or
establishing a manufacturing facility in the United States to produce advanced technology
vehicles only if those vehicles emit, under any possible operational mode or condition, low or
zero exhaust emissions of greenhouse gases.

Cost Share Requirements: N/A. Loan amount cannot exceed 80% of eligible project costs.

Formula Funding: No

SAM.gov Assistance Listing: TBD

54 B U IL D IN G A C L E A N E N E R G Y E C O N O MY
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