Biden Administration Invests $1.7 Billion in U.S. EV Manufacturing

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.

30 Articles

TechSpot Los Angeles Times Quartz Grist The Hill Chicago Tribune Fox Business Boston Globe The Register Electrek Newsweek Investopedia PBS NewsHour Quartz The Daily Caller Engadget Benzinga UPI Breitbart Detroit Free Press Financial Post The Seattle Times Newsday Associated Press PoliticusUSA CNN Washington Examiner Roll Call Washington Post The Verge