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The federal government will award $1.7 billion in grants to help convert 11 shuttered or at-risk factories to enable electric vehicle production, the Energy Department announced Thursday. Out of the total, $1.1 billion will go to General Motors and Stellantis. While the factories are spread throughout eight states — including Michigan, Ohio, Pennsylvania, Georgia, Illinois, Indiana, Maryland, and Virginia — $650 million of the funds, over a third, will go to just two plants in Michigan.
The funding underscores how the Biden administration is racing to get climate money out the door before the November election, even as it faces criticism for not moving faster on green lending. Should former president Donald Trump win a second term, he could try to scrap billions of dollars worth of federal spending aimed at accelerating America’s shift...The Biden administration on Thursday awarded $1.
The grants will assist 11 plants across eight states — Michigan, Ohio, Pennsylvania, Georgia, Illinois, Indiana, Maryland, and Virginia — and are designed to support “good-paying union jobs” while helping the U.S. compete with foreign players in the EV market, according to the Department of Energy.The federal government is providing $1.
The grants will go to projects across eight states — Michigan, Ohio, Pennsylvania, Georgia, Illinois, Indiana, Maryland and Virginia. Collectively, according to the Biden administration, the projects could result in the creation of 2,900 new jobs and the retention of 15,000 current ones. NYC shuttered 80% of its Airbnbs, $ABNB, in an attempt to make housing more affordable. All that's done so far is make hotels more expensive
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