Rules set for $25 billion U.S. auto loan program

  • 15-Nov-2008 08:55 EST

The U.S. Department of Energy (DOE) on Nov. 5 revealed details of the rules it will use in disbursing federal loans to automakers and component makers. To be considered for the first round of loans from the Advanced Technology Vehicles Manufacturing Incentive Program and its $25 billion pot, companies must apply by Dec. 31. The DOE is not sure when the first disbursements will be made but promises a "quick review" of applications. The rule spells out the conditions a company, and the program for which it is seeking aid, must meet. One condition is that the program result in "meaningful improvements in fuel-economy performance."

Share
HTML for Linking to Page
Page URL
Grade
Rate It
0.00 Avg. Rating

Read More Articles On

2016-11-15
Tanktwo, a Finland-based startup company is rethinking the basic battery cell and challenging the fundamental economics and operational assumptions of EVs. The ingenious concept is worth engineers' attention.
2016-12-01
Ford is to introduce a cylinder deactivation version of its 3-cylinder EcoBoost triple. It will enter production by early 2018 and it is expected to deliver up to a 6% fuel saving with associated CO2 emissions reduction.
2016-09-12
The practice of building compatibility checks into your development process ensures that designs are compatible with all system requirements right from the start. Just look at Toyota.
2017-03-05
A new version of the LG Chem Z.E. 40 battery delivers nearly double the energy density of its predecessor.

Related Items

Training / Education
2013-04-09
Training / Education
2013-04-09
Training / Education
2011-04-09
Training / Education
2013-04-09