AUTOMOTIVE

To encourage innovation, the federal and state governments have programs in place that help finance R&E. Explore eligible activities and expenditures for this industry below!

Get your 30-minute NO OBLIGATION consultation.

By 2030, 30% of the automotive industry’s revenue will be generated from emerging technologies. Technological innovation is a key component in this change, bringing us new automotive tech including the zero-emission electronic vehicle (EV). It’s also estimated by 2030, 15% of new cars sold will be fully autonomous vehicles. Advances in AutoTech have fostered the development of automobiles with higher connectivity and increased safety features. Contact a Funding Expert to learn how to get your grant application started!

ELIGIBLE ACTIVITIES & EXPENDITURES

Development of prototypes
Experimentation to improve efficiency, performance, or sustainability of a product or process
Conducting feasibility study of proposed product or process
Automation of vehicles or production process
Conducting tests for meeting regulatory requirements
Safety feature development and improvements
Retrofitting