The U.S. Department of Energy's Loan Programs Office (LPO) is actively supporting advanced vehicle component projects to enhance efficiency and performance in the automotive industry. Automakers' focus on improving the average efficiency of their vehicles has led to a decrease in CO2 emissions over the years. Electric vehicles (EVs) are playing a key role in this shift, with advancements in EV technology driving overall efficiency improvements. Recent developments in advanced components, such as high-quality silicon carbide wafers for EV power electronics and lighter wiring harnesses, are revolutionizing vehicle performance and range. These innovations also support the growth of clean fuel alternatives like hydrogen for medium- and heavy-duty vehicles, as well as non-road sectors. The LPO's programs, particularly the Advanced Technology Vehicles Manufacturing Loan Program, are instrumental in promoting advanced manufacturing and clean fuel production in the U.S. The recent investments in companies like SK Siltron CSS, LLC and CelLink Corporation highlight the focus on domestic production to meet the increasing demand for advanced vehicle components. These initiatives are not only driving efficiency but also creating opportunities for onshore manufacturing and technological advancements in the automotive sector. With the continued growth of EV sales and the push for sustainable transportation solutions, the development of advanced vehicle components remains a key priority for the industry.