Support for Low-Emission Vehicle and Component Manufacturing
This act aims to support the production of more environmentally friendly vehicles and their parts. Citizens can expect greater availability of cars with lower fuel consumption or zero emissions, potentially impacting transportation costs and air quality. The program offers financial aid to companies manufacturing these vehicles and components in the U.S., which could lead to new job opportunities.
Key points
Expands the definition of advanced technology vehicles and components to include a wider range of technologies, such as hydrogen fuel cell vehicles and ultra-efficient components.
Increases financial support for companies producing ultra-efficient components, covering up to 80% of project costs.
Extends the program's duration until 2031, providing long-term prospects for industry development.
Introduces new requirements for loan applicants, including provisions for fair wages, labor law compliance, and job creation for underrepresented groups.
Prioritizes manufacturing facilities that are older, at risk of closure, or primarily produce zero-emission vehicles and ultra-efficient components.
Expired
Citizen Poll