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."

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