Eligible applicant.

CFR · 2024-01-01 · US · Title 10

(a) In order to be eligible to receive a loan under this part, an applicant (1) Must be either— (i) An automobile manufacturer that can demonstrate an improved fuel economy as specified in paragraph (b) of this section, or (ii) A manufacturer of a qualifying component; and (2) Must be financially viable without receipt of additional Federal funding associated with the proposed eligible project. (b) Improved fuel economy. (1) If the applicant is an automobile manufacturer that manufactured in model year 2005, vehicles subject to the CAFE requirements, the applicant must demonstrate that its adjusted average fuel economy for its light-duty vehicle fleet produced in the most recent year for which final CAFE compliance data is available, at the time of application, is greater than or equal to the adjusted average fuel economy of the applicant's fleet for MY 2005, based on the MY 2005 final CAFE compliance data. (2) If the applicant is an automobile manufacturer that did not manufacture in model year 2005, vehicles subject to the CAFE requirements, the applicant must demonstrate that the projected combined fuel economy for the relevant the advanced technology vehicle that is the subject of the application is greater than or equal to the industry adjusted average fuel economy for model year 2005 of equivalent vehicles, based on final CAFE compliance data. (3) The CAFE values under this paragraph are to be calculated using the CAFE procedures applicable to the model year being evalu

official document · source cfr-2024 · id 10:§ 611.100