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Statutory Updates to the Advanced Technology Vehicles Manufacturing Program

other · US Department of Energy · Published 2024-04-29 · Effective 2024-07-15 · 89 FR 33196

Document

Document number
2024-09105
Federal Register citation
89 FR 33196
CFR reference
10 CFR 611
Type
Rule
Action
Direct final rule.
Category
other
Sub-agency
US Department of Energy
Publication date
2024-04-29
Effective date
2024-07-15

Abstract

The Department of Energy ("DOE") issues this direct final rule to amend the regulations implementing the direct loan provisions for the Advanced Technology Vehicles Manufacturing Incentive Program established by section 136 of the Energy Independence and Security Act of 2007, as amended ("ATVM statute"). The ATVM statute provides for grants and loans to eligible automobile manufacturers and component suppliers for projects that reequip, expand, or establish manufacturing facilities in the United States to produce qualifying advanced technology vehicles or qualifying components. Specifically, this rule: amends the existing applicable regulations in order to implement additional categories of advanced technology vehicles added to the ATVM statute by the Infrastructure Investment and Jobs Act and funded by the Inflation Reduction Act of 2022, including certain medium-duty and heavy-duty vehicles, trains, locomotives, maritime vessels, aircraft, and hyperloop technology. This rule also amends the existing applicable regulations to reflect the ultra efficient vehicle category of advanced technology vehicles added to the ATVM statute through an earlier appropriations act. DOE is implementing these amendments through a final rule so that the implementing regulations are consistent with the statutory requirements of the ATVM statute.

Source

Authoritative
Federal Register document
Machine
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