30 articles | last updated: Jul 12 14:42:00
DOE grants aim to convert struggling auto plants, create jobs, and bolster domestic EV production.
- The Department of Energy is funding the conversion of 11 auto plants to EV production across eight states.
- The initiative is expected to create 2,900 new jobs and secure 15,000 existing union jobs.
- Grants are part of the Inflation Reduction Act, focusing on reshoring clean energy manufacturing.
- General Motors and Fiat Chrysler are among the largest grant recipients.
- The Biden administration aims to enhance U.S. competitiveness against foreign EV manufacturers, particularly China.
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