Washington, D.C. - A bipartisan coalition of over 70 U.S. House Members have sent a letter to House leadership urging funding be provided for a program to help American auto manufacturers build advanced technology vehicles. The lawmakers are requesting $3.75 billion to activate the Advanced Technology Vehicles Manufacturing Incentive Program, which was authorized but not funded in the Energy Independence and Security Act last year. This amount would fully fund the program, providing up to $25 billion in low-interest credit to
Lawmakers are urging House leadership to include the funding in any economic stimulus package that will be considered by Congress in the coming months.
Similar efforts are being led in the Senate by Sens. Carl Levin (D-MI), Debbie Stabenow (D-MI) and Sherrod Brown (D-OH). The effort to garner support for this program is being led in the House by
“Funding this new program is critical to the future of the
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“The health of the auto industry is critical for our Nation and particularly for my district which is home to the Ford plant in
To view a PDF of the letter with Member signatures, click here.
Text of the letter:
Dear Speaker Pelosi, Minority Leader Boehner, Chairman Obey and Ranking Member Lewis:
We are writing to urge you to include funding in any future economic stimulus package or supplemental appropriations bill to help create green collar jobs for American workers and reduce our nation’s dependence on foreign sources of oil. We respectfully request that the Advanced Technology Vehicles Manufacturing Incentive Program authorized in the Energy Independence and Security Act be activated. Fully activating the program will require $3.75 billion in funding to provide up to $25 billion in low-interest credit to
Section 136 of the Energy Independence and Security Act authorized the Advanced Technology Vehicles Manufacturing Incentive Program to encourage retooling of existing plants to produce the next generation of vehicles. This incentive program will make it more economically feasible for U.S. auto manufacturers and part suppliers to go forward with the retooling of their facilities by providing low-interest credit for up to 30 percent of the cost of retooling a manufacturing facility in the U.S. to produce advanced technology vehicles (such as hybrids, plug-in hybrids, electric vehicles, advanced direct injection diesels, and fuel cell vehicles) or their key components. Retooling will also create jobs for American workers by ensuring that the vehicles of the future are made in the
Retooling plants to produce advanced technology vehicles will greatly reduce our consumption of oil and move our country more quickly towards energy independence. We need a strong partner in the federal government to help invest in advanced technologies so we can create jobs and produce fuel-saving vehicles here in the
Sincerely,