26 Jul 2024 | Abstracted from Loan Program Office
"...along with an EV market that continues to grow, advanced component innovations now drive increases in average efficiency, in many cases offering enhanced vehicle performance with less mass or material. Over the next 30 years, efficiency improvements could reduce EV’s average electricity consumption per mile by half, recent modeling suggests.The Biden Administration's "LPO's Advanced Technology Vehicles Manufacturing program (ATVM) is the most popular program for manufacturers of advanced vehicle components."
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