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.

reuters.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

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.

9/4/2023

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.

9/13/2023

Biden Administration Allocates $100 Million to Repair Broken EV Chargers

The Biden Administration plans to allocate $100 million from the Bipartisan Infrastructure Law for the repair and replacement of non-operational electric vehicle (EV) charging infrastructure in the US, with 4% of the current 151,506 chargers being unavailable and this funding supplementing the $1 billion already allocated for new charger installations, which aims to address the current challenges and incentivize widespread EV adoption.

9/20/2023

Biden Administration Announces $4.6 Billion in Grants to Cut Emissions and Boost Jobs

The Biden administration has announced $4.6 billion in grants to help states, cities, and tribes reduce climate pollution and promote job creation and health benefits for disadvantaged communities.

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Posted 8/31/2023, 5:03:00 PM