Bill > HR5860

This bill, the Advanced Technology Vehicles Manufacturing Program Reform Act, aims to expand the existing Advanced Technology Vehicles Manufacturing (ATVM) incentive program. It does this by including zero-emission vehicles (ZEVs) as eligible for the program, which previously only covered advanced technology vehicles. The bill also modifies the financial viability requirement for ATVM loans, making it easier for manufacturers to qualify. Additionally, the bill requires the Secretary of Energy to conduct a study on barriers to ATVM loan applications and issuance, and to subsequently promulgate regulations to address any identified issues. Overall, the bill seeks to broaden the scope and accessibility of the ATVM program to support the production of ZEVs and other advanced automotive technologies.