Feds pump $2 billion into boosting U.S.-based EV manufacturing
While Donald Trump dumps on electric vehicles and China becomes an “electric vehicle export behemoth,” the Biden administration aims to keep the budding EV industry in the United States alive and thriving.On Thursday, the administration announced $2 billion in grants to builders of fossil fuel vehicles and their suppliers. The money will be used to convert those factories into EV vehicle and parts manufacturing operations, while preserving traditional auto worker jobs. The cash was approved by Congress as part of the so-called Inflation Reduction Act in 2022. Aggressive and impactful reporting on climate change, the environment, health and science. Explore the section The U.S. auto industry is concentrated in the Midwest and the South, and most of the 11 grants announced by the Department of Energy will land in political swing states: Michigan, Ohio, Pennsylvania, Georgia. Factories in blue states Illinois, Maryland and Virginia will also receive grants, as will the red state of Indian...