Auto industry's switch to EVs gets $12 billion in loans and grants from the US Energy Department

The US Department of Energy plans to provide $12 billion in loans and grants to support the auto industry's transition to electric vehicles, with $2 billion in grants and $10 billion in loans to convert US automaker and supplier facilities into manufacturing centers for hybrids and EVs and build or refurbish factories in communities with existing auto manufacturing facilities.

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8/29/2023

Biden-Harris Administration Announces $300 Million to Speed Up Transmission Permitting Across America as Part of Investing in America Agenda

The U.S. Department of Energy has announced a new grant program worth up to $300 million to support the expansion of electric transmission infrastructure, accelerate the siting and permitting processes, and create jobs in line with President Biden's climate and clean energy goals.

8/31/2023

US offers $12 bln for automakers, suppliers for advanced vehicles

The Biden administration is providing $12 billion in grants and loans to incentivize automakers and suppliers to retrofit their plants for the production of electric and advanced vehicles.

8/31/2023

Hyundai’s EV plant, Georgia’s biggest jobs deal, is getting bigger

Hyundai Motor Group and LG Energy Solution are planning to invest an additional $2 billion into their electric vehicle and battery manufacturing plant in Georgia, increasing the total investment to nearly $7.6 billion and creating 400 more jobs. The investment will support the production of 300,000 electric vehicles annually and enhance battery technology for greater range and lower weight.

9/4/2023

Biden faces increasing pressure to deliver ‘win-win’ EV transition amid union talks

The Biden administration faces pressure to deliver on its promise of better wages and benefits for workers at electric vehicle facilities as negotiations between the United Auto Workers union and major US automakers continue, with the announcement of up to $12 billion in loans from the Department of Energy to retrofit existing manufacturing facilities for EV production and create high-paying union jobs.

9/10/2023

Tesla Seeks $100 Million in Federal Funds to Build Megacharging Network for Electric Semi Trucks

Tesla has requested $100 million in funding from the US government to build nine Megacharging stations for its all-electric semi trucks, allowing up to eight Semis to charge simultaneously at each station and curbing pollution in industrial shipping.

9/13/2023

Biden Administration Invests $100M to Fix Broken EV Chargers, Boost Reliable Charging Network

The Biden-Harris Administration is allocating $100 million in federal funding to repair and replace nonoperational EV chargers in the US, aiming to accelerate EV adoption and create new jobs in the industry, while also strengthening the country's electrical grid in preparation for the shift towards electrification.

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Posted 8/31/2023, 10:09:00 PM

Auto industry's switch to EVs gets $12 billion in loans and grants from the US Energy Department

cnn.com

Relevant topic timeline:

8/29/2023

Biden-Harris Administration Announces $300 Million to Speed Up Transmission Permitting Across America as Part of Investing in America Agenda

8/31/2023

US offers $12 bln for automakers, suppliers for advanced vehicles

The Biden administration is providing $12 billion in grants and loans to incentivize automakers and suppliers to retrofit their plants for the production of electric and advanced vehicles.

8/31/2023

Hyundai’s EV plant, Georgia’s biggest jobs deal, is getting bigger

9/4/2023

Biden faces increasing pressure to deliver ‘win-win’ EV transition amid union talks

9/10/2023

Tesla Seeks $100 Million in Federal Funds to Build Megacharging Network for Electric Semi Trucks

9/13/2023

Biden Administration Invests $100M to Fix Broken EV Chargers, Boost Reliable Charging Network