XP Vehicles Expects U. S. DOE ATVM Funding to Complete Development of Revolutionary Electric Vehicle
Summary
The company is seeking to enter the market with the "vehicles of change" offering hope for the new auto industry and the economy as a whole and is committed to establishing as many American jobs as possible, as soon as possible.XP Vehicles also seeks to partner with universities and federal development centers to extend the domestic impact of the funding.The company is committed to supporting the White House stimulus program with skilled engineering and manufacturing jobs in at least three locations.The project is “shovel ready” per current congressional discussion and can start making an impact within weeks of receipt of funds.About the ATVM ProgramThe Advanced Technology Vehicle Manufacturing Incentive Program (ATVM) was established under Section 136 of the Energy Independence and Security Act of 2007 and administered by the Department of Energy (DOE).The ATVM is an incentive program which provides loans and grants to automobile and automobile part manufacturers for the cost of re-equipping, expanding, or establishing manufacturing facilities in the United States to produce advanced technology vehicles or qualified components, and for associated engineering integration costs.### Contact Information XP Vehicles Inc. Rudy Mui 510-868-2862 www.myxpcar.com Click here to view the list of recent Press Releases from XP Vehicles Inc. Promote Your Business Press Release Pricing Email this page to a friend