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Congressman Tim Ryan Urges Funding for Electric Vehicles and Other Advanced Vehicle Technologies

May 13, 2019
Press Release

Washington, DC – Congressman Tim Ryan (OH-13) urged the House Appropriations Subcommittee on Energy and Water Development and Related Agencies to fund the US Department of Energy’s Advanced Technology Vehicles Manufacturing (ATVM) Loan Program in the FY2020 Energy and Water appropriations bill. In a letter to Chairwoman Marcy Kaptur (OH-9), Congressman Ryan also requested the committee direct DOE to move expeditiously in evaluating and awarding loan applications. This program was zeroed out in President Trump’s Fiscal Year 2020 Budget.

“By 2030, 30 million electric vehicles will be made somewhere. I want them to be made here in the United States. But without federal investment in emerging markets – like electric, solar, wind, additive manufacturing – we cannot dominate these industries of the future. Congress, the White House and our government agencies have a responsibility to work with the business community to facilitate and encourage this growth. And it's initiatives like the ATVM Loan Program that will help us be at the forefront of 21st century technology, create jobs and transition workers to the next generation of American manufacturing,” said Congressman Ryan.

The ATVM Loan Program supports domestic manufacturing and engineering of fuel-efficient, advanced technology vehicles and components. The program offers attractive financing for U.S. automakers through low interest rates, minimal fees, flexible loan terms, and broad applicability.

Read the full letter below or click here:

May 8, 2019

The Honorable Marcy Kaptur
Chairwoman
Subcommittee on Energy and Water Development and Related Agencies
2362-B Rayburn House Office Building
Washington, DC 20515  

Dear Chairwoman Kaptur:

Thank you for your work on this year’s bill and the difficult task of considering funding levels for many critical programs.  I respectfully urge you to fund the U.S. Department of Energy’s Advanced Technology Vehicles Manufacturing Loan Program (ATVM) in the Energy and Water appropriations bill and direct DOE to move expeditiously in evaluating and awarding loan applications.  This program was zeroed out in the President’s Fiscal Year 2020 Budget.

As you know, my congressional district is home to GM Lordstown—one of five North American plants where General Motors recently halted production.  Once the proud maker of the Chevrolet Cruze, the Lordstown facility suffered from falling consumer demand for compact cars.  In the absence of a new plant owner, thousands of highly-skilled former GM employees will remain out of work.

The ATVM Loan Program supports domestic manufacturing and engineering of fuel-efficient, advanced technology vehicles and components.  The program offers attractive financing for U.S. automakers through low interest rates, minimal fees, flexible loan terms, and broad applicability.  With consumer demand for fuel-efficient vehicles on the rise—30 million electric vehicles will be made by 2030—American manufacturers have an opportunity to dominate this growing market.  Robust federal support would make it possible for another company to retool the Lordstown plant and give it a new, promising future producing advanced technology vehicles.

The President publicly stated his commitment to standing up for American workers and bringing back manufacturing jobs, but his Fiscal Year 2020 Budget did not honor and reflect this pledge of support.  At a time when thousands of hardworking Americans are at risk of losing their livelihoods, I ask that you include robust funding for the ATVM Loan Program to help workers transition to the next generation of American manufacturing.

Thank you for your consideration.  I look forward to hearing from you soon.

Sincerely,

Tim Ryan
Member of Congress