Advanced Technology Vehicles Manufacturing (ATVM) Loan Program

ATVM Loan Program

Supports advanced vehicle manufacturing in the United States through direct and loan-based financing.

The Advanced Technology Vehicles Manufacturing (ATVM) Loan Program, authorized under Section 136 of the Energy Independence and Security Act of 2007 and expanded by both the Bipartisan Infrastructure Law and the Inflation Reduction Act, provides direct federal loans to US-based manufacturers of advanced technology vehicles and qualifying components. The IRA appropriated $3 billion in credit subsidy supporting an estimated loan capacity of approximately $40 billion. The program runs through September 30, 2028, and historically has loaned approximately $8 billion supporting the production of more than 4 million advanced technology vehicles. Applications are accepted on a rolling basis with no published competitive deadline.

Eligible vehicle categories were significantly broadened by the Bipartisan Infrastructure Law and now include light-duty vehicles, medium- and heavy-duty vehicles, trains and locomotives, maritime vessels (including offshore wind support vessels), aircraft, hyperloop technology, and ultra-efficient vehicles achieving 75 MPG equivalent or higher. All eligible vehicles must emit low or zero exhaust greenhouse gas emissions under any possible operational mode or condition. Eligible applicants are vehicle manufacturers and qualifying component manufacturers operating US-based manufacturing facilities. For-profit companies are eligible; nonprofits, universities, research organizations, and individuals are outside scope. Loan amounts cannot exceed 80 percent of eligible project costs.

The application process begins with a no-cost pre-application consultation at energy.gov/EDF/Pre-App, followed by submission through the Title 17 Application Portal at apply.loanprograms.energy.gov. This is a direct loan instrument — the borrower repays the principal directly to the federal government. April 2024 technical regulations were updated through a direct final rule to reflect the BIL-added vehicle categories. Organizations developing next-generation vehicle platforms or domestic manufacturing capabilities for qualifying components should engage LPO staff early, as underwriting timelines for large loan commitments typically span multiple months.