|
|||
|
|
|
|
|
|||
Advanced Technology Vehicles Manufacturing Loan Program (ATVMP) is 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 is authorized to provide up to $25 billion in direct loans to eligible applicants for the costs of reequipping, expanding, and establishing manufacturing facilities in the U.S. to produce advanced technology vehicles, and components for such vehicles.
To qualify as an advanced technology vehicle, an applicant must demonstrate that a vehicle has a fuel economy performance at least 125% of the average MY 2005 fuel economy of the appropriate class.
The key criteria for qualified advanced technology vehicles or qualified components require:
The ATVMP was established by Section 136 of the Energy Independence and Security Act of 2007, and is administered by the Department of Energy, which issued the Interim Final Rule on November 5, 2008. The Interim Final Rule is effective immediately and allows DOE to begin accepting applications.
The Green Collar Jobs Initiative is a budget proposal to fund recently enacted priority programs from the Energy Independence and Security Act of 2007, including:
Early in December, the U.S. House of Representatives - on a vote of 314-100 - passed the Energy Independence and Security Act. Congress included many of the Green Machines policy agenda items in this legislation, which was signed into law by the President on December 19, 2007.
Key provisions of the law include:
Opposition from the Senate Republicans and the President resulted in the removal of the following provisions:
- The renewable electricity standard and
- Tax incentives for clean renewable and alternative energy paid for by repealing subsidies for Big Oil
For more information, please visit: