What is the current status of this program?
Funding that had not yet been obligated for this program was eliminated in the budget reconciliation bill signed on July 4, 2025. This means the program will not receive funding in future years unless Congress acts to restore it.
What does this funding get me?
The $3 billion in designated funding was intended to be used to manufacture a range of advanced technology vehicles and components, including light-duty vehicles, medium- and heavy-duty vehicles, locomotives, maritime vessels including offshore wind vessels, aviation, and hyperloop.
The IRA specified that funds may be used for the costs of providing direct loans for re-equipping, expanding, or establishing a manufacturing facility in the United States to produce — or for engineering integration performed in the United States of — newly authorized types of advanced technology vehicles only if those vehicles emit, under any possible operational mode or condition, low or zero exhaust emissions of greenhouse gases.
Am I eligible?
Eligible recipients included manufacturers of eligible vehicles or components of materials that support eligible vehicles’ fuel economy performance. Tribal entities meeting this description are eligible.
A project must meet all of the following requirements to be eligible for an ATVM loan:
- Manufacture eligible vehicles or components that are used in eligible vehicles. Advanced technology vehicles were originally defined as light-duty vehicles that meet or exceed a 25% improvement in fuel efficiency beyond a 2005 model year base-line of comparable vehicles; and/or ultra-efficient vehicles which achieve a fuel efficiency of 75 miles per gallon or equivalent using alternative fuels. The Bipartisan Infrastructure Law expanded the definition to include medium- and heavy-duty vehicles, locomotives, maritime vessels including offshore wind vessels, aviation, and hyperloop.
- Build new facilities; reequip, modernize, or expand existing facilities; and/or for engineering integration performed in the United States related to the manufacturing of eligible vehicles or components.
- Be located in the United States. Foreign ownership or sponsorship of the projects is permissible as long as the project is located in one of the fifty states, the District of Columbia, or a U.S. territory.
- Provide a reasonable prospect of repayment.
For a full list of eligibility requirements, please visit the DOE website here.
Applicants should also review the Guidance for Applicants to the ATVM Loan Program (January 2025), as well as the Interim Final Rule, as amended and corrected.
How can I access the money?
This funding is no longer available. Potential applicants were encouraged to engage directly with LPO for no-fee, no-commitment consultations to discuss their proposed project and learn about LPO’s process before formally applying.
What is the timeline?
Funds were intended to remain available for commitment through September 30, 2028, but the budget reconciliation bill signed on July 4, 2025 canceled all funding that had not already been awarded.
What other incentives could I use to help me accomplish my goals?
- Check the Database of State Incentives for Renewables & Efficiency (DSIRE) for additional incentives that may be offered by your state, local government, or utility, as well as important federal, state, and local policies. For questions regarding DSIRE, contact Justin Lindemann (NC Clean Energy Technology Center) at jplindem@ncsu.edu.
- Check out our (non-exhaustive) list of non-federal funding from other sources that may fit your energy and cost-saving goals.
Where can I get more information?
- More information can be found at the DOE website.
- The NC Clean Energy Technology Center provides technical assistance services related to clean transportation technologies. Click here for more information.
- In addition to the resources listed above, a variety of organizations offer technical assistance that may help you access these funds. They are listed on our Get Help page.
- For specific questions on this program or for more assistance, contact Meech Carter at info@energyfundsforall.org.