### Question
What does qualified borrower mean?


### Answer
**Qualified borrower** has the following meaning in *15 U.S.C. § 2509*:

> any partnership, corporation, or other legal entity which (as determined by the Secretary of Energy) has presented satisfactory evidence of an interest in electric or hybrid vehicle technology and is capable of performing research or completing the development and production of electric or hybrid vehicles or any components thereof in an acceptable manner

#### Citation:
  - *15 U.S.C. § 2509*
  - Heading: **CHAPTER 52-ELECTRIC AND HYBRID VEHICLE RESEARCH, DEVELOPMENT, AND DEMONSTRATION**

