this post was submitted on 16 Jul 2024

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Biden administration to award nearly $1.1 billion to Stellantis, GM for EV production (www.reuters.com)

submitted 1 month ago by naturalgasbad@lemmy.ca to c/worldnews@lemmy.ml

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[–] Nollij@sopuli.xyz 4 points 1 month ago

From the article:

"...nearly $1.1 billion in grants to convert existing plants to build electric vehicles and components..."

"...grants to help fund the conversion of 11 "at risk" plants in eight states to enable the production of 1 million EVs annually, help retain 15,000 existing jobs, and create 3,000 new positions..."

These are grants to upgrade specific factories in the US.