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Department of Energy : Advanced Technology Vehicle Loan program implementation is under way, but enhanced technical oversight and performance measures are needed : report to the Subcommittee on Energy and Water Development, Committee on Appropriations, U.S. Senate.
- Format:
- Book
- Government document
- Author/Creator:
- United States. Government Accountability Office
- Language:
- English
- Subjects (All):
- United States. Department of Energy--Management.
- United States.
- United States. Department of Energy.
- Automobile industry and trade--United States--Finance.
- Automobile industry and trade.
- Automobile industry and trade--Subsidies--United States.
- Automobiles--United States--Fuel consumption.
- Automobiles.
- Loans--Government guaranty.
- Loans.
- Automobile industry and trade--Finance.
- Automobiles--Fuel consumption.
- Management.
- Physical Description:
- 1 online resource (ii, 34 pages)
- Other Title:
- Advanced Technology Vehicle Loan program implementation is under way, but enhanced technical oversight and performance measures are needed
- Place of Publication:
- [Washington, D.C.] : U.S. Govt. Accountability Office, [2011]
- Summary:
- In the Energy Independence and Security Act of 2007, Congress mandated higher vehicle fuel economy by model year 2020 and established the Advanced Technology Vehicles Manufacturing (ATVM) loan program in the Department of Energy (DOE). ATVM is to provide up to 25 billion dollars in loans for more fuel-efficient vehicles and components. Congress also provided 7.5 billion dollars to pay the required credit subsidy costs--the government's estimated net long-term cost, in present value terms, of the loans. GAO was asked to review the ATVM program and agreed to (1) identify the steps DOE has taken to implement the program, (2) examine the program's progress in awarding loans, (3) assess how the program is overseeing the loans, and (4) evaluate the extent to which DOE can assess progress toward meeting its goals. GAO analyzed loan documents and relevant laws and regulations and interviewed DOE and ATVM officials.
- Notes:
- Title from PDF title screen (viewed Sept. 12, 2011).
- "February 2011."
- Includes bibliographical references.
- "GAO-11-145."
- OCLC:
- 752515019
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