Electric Vehicle (EV) and Fuel Cell Electric Vehicle (FCEV) Manufacturing Loans
The U.S. Department of Energy (DOE) provides grants or loan guarantees through the Loan Guarantee Program for the domestic production of efficient hybrid vehicles, plug-in hybrid electric vehicles, all-electric vehicles, and hydrogen fuel cell electric vehicles,. The program is not intended for research and development projects. DOE may issue loan guarantees for at least 50% of the amount of the loan for an eligible project. Eligible projects may include the deployment of fueling infrastructure, including associated hardware and software, for alternative fuels. For loan guarantees of over 80%, the loan must be issued and funded by the Treasury Department’s Federal Financing Bank. For more information, see the DOE Loan Guarantee Program website and the Alternative Fuel Infrastructure fact sheet.
Agency: U.S. Department of Energy
Enacted: Aug 8, 2005
Amended: Aug 16, 2022
Technologies: EVs, HEVs, Hydrogen Fuel Cells, PHEVs
See all Federal Laws and Incentives.