DOE’s Chelsea Sexton Re: Fed’s Advanced Technology Vehicle Manufacturing Loan Program
Submitted on May 22, 2024 - 3pmAs the Bipartisan Infrastructure Reduction Act continues to spur and invest in America’s infrastructure – most especially, its many renewable and cleantech projects – the Advanced Technology Vehicles Manufacturing Loan Program (ATVM), best known in its early days for its massive 456 million dollar loan to Tesla, has been revived and has been loaning billions of dollars into projects related to domestic vehicle manufacturing, including medium and heavy duty efforts. VX News shares an excerpt from a recent LACI & Milken sponsored event, featuring Senior Advisor for DOE Arnab Pal speaking with ATVM Loan Program Manager, Chelsea Sexton. The conversation covered the logistics of building and supporting the future of advanced vehicle production, as well as both the pursuit of domestic security in manufacturing, and the many supply chain challenges in need of addressing.