DEFINITION of 'Advanced Technology Vehicle Manufacturing Program'

A U.S. Government subsidy created under section 136 of the Energy Independence and Security Act of 2007 that provides $25 billion in low-interest loans and grants to automakers and parts suppliers, in order to create advanced technology vehicles and their major components in the United States.

BREAKING DOWN 'Advanced Technology Vehicle Manufacturing Program'

The program is administered by the U.S. Department of Energy. Automakers who benefited from the program included Ford, Nissan, Tesla Motors and Fisker Automotive. The companies were to use the loans to retool their existing factories for the manufacturing of advanced technology vehicles, which include fuel-efficient vehicles such as hybrid and electric vehicles. One of the purposes of this legislation was to create auto manufacturing jobs and keep jobs in the United States.

RELATED TERMS
  1. Cash For Clunkers

    A program that allows car owners to trade in their old, less ...
  2. Alternative Motor Vehicle Credit

    A tax credit given to individuals who purchase vehicles that ...
  3. Qualified Electric Vehicle

    An electric vehicle that qualifies the owner to claim a nonrefundable ...
  4. Auto Supplier Support Program (Auto ...

    This is a $5 billion program funded by the U.S. Treasury intended ...
  5. Car Allowance Rebate System - CARS

    A U.S. government program under the Obama administration that ...
  6. Lemon Laws

    Regulations that attempt to protect consumers in the event that ...
Related Articles
  1. Insights

    US Cities Plan Electric Auto Shopping Spree

    US cities shop for $10 billion worth of electric vehicles in a bid to prove to embattled automakers that there is healthy demand for greener autos.
  2. Investing

    Hyundai to Enter Battery Electric Vehicle Market With New SUV

    Hyundai vows to go head-to-head with Tesla, Ford and General Motors after announcing plans to develop “more competitive” electric vehicles.
  3. Investing

    China Contemplates Easing Electric Car Quotas

    Electric vehicle makers ask the Chinese government for more leeway after the withdrawal of subsidies caused sales to plummet.
  4. Small Business

    Taking Another Look At Auto Stocks

    The automotive manufacturers in the U.S. may be on their way to recovery.
  5. Investing

    Nissan Tops Honda for Fastest Sales Growth in U.S.

    It looks like the ghosts of Nissan's (NASDAQOTH: NSANY) past are indeed in its past. According to Industry Week, the Japanese manufacturer was the fastest-growing automaker in the U.S. over ...
  6. Managing Wealth

    Analyzing Auto Stocks

    Find out what to consider before taking a ride with stocks from this industry.
  7. Insights

    Automakers Ask New EPA Chief for Leniency (GM, F)

    Automakers seek to capitalize on President Trump’s indifference to fuel efficiency by asking the EPA’s new chief to overturn current emission rules.
  8. Personal Finance

    Fiat, GM and Ford Benefit From Canada Sales (FCAU, GM)

    The Detroit automakers benefited from increased Canadians sales, and analysts predict that the remainder of 2016 can prove a blockbuster year for auto giants.
  9. Investing

    Ford Stock Drives Higher on June Auto Sales (F)

    Ford reported June U.S. auto sales that suggest the automaker is not losing ground to competitors to the extent investors believed.
RELATED FAQS
  1. What is the best way to get exposure to electric cars when investing in the automotive ...

    Learn more about the electric vehicle industry and what investment opportunities are available among auto manufacturers and ... Read Answer >>
  2. What portion of an automaker's revenue tends to come from auto parts?

    Learn more about the auto parts sector, including how it affects automakers and how it fits into the automotive industry ... Read Answer >>
  3. What other sectors are most highly correlated with the automotive sector?

    Learn more about industries that are closely related to the automotive industry. Explore investment opportunities and industries ... Read Answer >>
  4. How important are fleet sales to an automaker's business?

    Discover how fleet sales are important to an auto manufacturer's business, and see how these large volume sales of cars and ... Read Answer >>
  5. What warning signs should an investor look for when reading an automaker's sales ...

    Discover the warning signs that investors need to pay attention to in sales reports for automakers. Monthly sales, deliveries ... Read Answer >>
  6. What is the automotive sector?

    Explore the automotive sector, which includes manufacturers, retailers, wholesalers and original equipment manufacturers, ... Read Answer >>
Hot Definitions
  1. Index

    A statistical measure of change in an economy or a securities market. In the case of financial markets, an index is a hypothetical ...
  2. Return on Market Value of Equity - ROME

    Return on market value of equity (ROME) is a comparative measure typically used by analysts to identify companies that generate ...
  3. Majority Shareholder

    A person or entity that owns more than 50% of a company's outstanding shares. The majority shareholder is often the founder ...
  4. Competitive Advantage

    An advantage that a firm has over its competitors, allowing it to generate greater sales or margins and/or retain more customers ...
  5. Mutual Fund

    An investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities ...
  6. Wash-Sale Rule

    An Internal Revenue Service (IRS) rule that prohibits a taxpayer from claiming a loss on the sale or trade of a security ...
Trading Center