Despite Plunging EV Sales, Biden Cuts Another Huge Check To Carmakers To Go Electric
by Nick Pope 16 hours ago
The Biden administration announced Thursday that it is spending billions of dollars more to help automakers mass-produce electric vehicles (EVs).
The Department of Energy (DOE) is spending $1.7 billion to help manufacturers convert closed or struggling manufacturing facilities to produce EVs or EV components in eight states, including swing states like Pennsylvania and Georgia, as the American EV market struggles.
The funding complements $12 billion the DOE unveiled in August 2023 to help major manufacturers retrofit plants for EV production, and the agency projects that the cash announced Thursday will allow for the retention of 15,000 union workers while creating nearly 3,000 jobs.
All of the selected companies expect to partner with local unions, according to the DOE. The selectees will provide workers with things like job training, childcare, and retirement benefits.
https://climatechangedispatch.com/despite-plunging-ev-sales-biden-cuts-another-huge-check-to-carmakers-to-go-electric/