Greenhouse Gas Emissions and Fuel Efficiency Standards for Medium- and Heavy-Duty Engines and Vehicles-Phase 2
81 Fed. Reg. 73478 (Oct. 25, 2016)1 Analyses of this federal-register by attorneys
DOE Expands ATVM Eligibility to Include Ultra Efficient and Other Types of Vehicles: Also Now Included: Trains, Maritime Vessels, Aircraft and Hyperloop Technology
Holland & Knight LLPTaite McDonaldMay 13, 2024will be required to demonstrate compliance with the above emissions standards.Considerations and Next StepsThe DFR will go into effect July 15, 2024, unless adverse comment is received by May 29, 2024. The DOE also notes that the DFR covers only the new categories of ATVs and intends to undertake a separate rulemaking to implement additional program improvements through notice and public comment. The full release of the DFR is available to view online.This expansion will help provide financing to more cutting-edge transportation solutions from electrified aircraft and trains to maritime vessels. As it develops more experience with loan applications for nonroad technologies, the DOE indicated it will consider providing additional guidance or rulemaking.The Inflation Reduction Act (IRA) included the statutory language enabling this expansion and appropriated $3 billion of credit subsidy appropriations under the IRA. Notes1 10 CFR 611.2 42 U.S.C. 170133 10 CFR 611.4 42 U.S.C. 7521(i).5 81 FR 73478.