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.

yahoo.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

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

Biden-Harris Administration Announces $15.5 Billion to Support a Strong and Just Transition to Electric Vehicles, Retooling Existing Plants, and Rehiring Existing Workers

The U.S. Department of Energy announced a $15.5 billion package of funding and loans to support the transition to electric vehicles, retool existing factories, and expand domestic manufacturing of batteries, emphasizing job retention and promoting equity and environmental justice.

9/1/2023

Hyundai and LG to spend an extra $2B on their US EV battery plant

Hyundai and LG Energy Solution are investing an additional $2 billion in their US battery factory, increasing the total investment to $7.5 billion and creating 8,500 new jobs over the next eight years, in order to meet domestic manufacturing requirements for EVs and qualify for incentives under the Biden administration's Inflation Reduction Act.

9/3/2023

Auto Strike Looms, Threatening to Shut Detroit’s Big 3

The United Auto Workers union and three Detroit automakers are facing a looming strike as contract negotiations stall, potentially impacting the U.S. economy and the companies' profits amid the shift to electric vehicles and demands for improved wages and benefits.

9/5/2023

Insight: China's auto workers bear the brunt of price war as fallout widens

Millions of auto workers and suppliers in China are facing pay cuts and layoffs as an electric vehicle price war leads carmakers to reduce costs, impacting the industry and the broader economy.

9/11/2023

Looming UAW Strike Could Cost Billions, Further Fuel Inflation and Impact 2024 Election

A potential strike by the United Auto Workers union against Ford, GM, and Stellantis could cost the economy $5.6 billion and impact Biden's chances in the election, as it may drive up inflation and push Michigan into a recession.

9/12/2023

UAW and Automakers Face Looming Strike Deadline and Costly labor Dispute

The United Auto Workers and the "Big Three" U.S. automakers are negotiating a new labor contract, with the possibility of a strike looming and workers demanding a 20% raise and other benefits, which could potentially impact the Michigan economy and lead to costlier electric vehicles.

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.