Photo Credit:Fair Use [17 U.S.C. § 107]

Auto Industry's Switch To EVs Gets $12 Billion In Loans And Grants From The US Energy Department

01 Sep 2023 | Abstracted from CNN

"Hard on the heels of President Joe Biden's goal to spur the sale of EVs in the United States, the Energy Department will provide $2 billion in grants and $10 billion in loans to support the conversion of US automaker and supplier facilities...The program aims to build or refurbish factories in communities with existing auto manufacturing facilities and to bolster the domestic EV supply chain."

ADDITIONAL RELATED NEWS LINKS

• Where Harris and Her Potential Running Mates Stand on Climate Change


• EVs Are Cheaper Than Ever. Can Car Buyers Be Won Over?


• China's EU-Made EVs Are In Pole Position... For Now


• Could This Be the Best Way to Build More Electric Buses?


• Hacking EVs And Level 3 Chargers Through 1920s Technology


• This US Election Is An EV Referendum


• Autonomous Shuttles Debut At This US Airport


• LA Times Column: Who Elected Elon Musk Our Arbiter Of Social Norms?


• The $1.7 Billion Bet On American-Made EVs, Explained By The Secretary of Energy


• Here Are The Chinese Carmakers Who Want To Conquer The World