Biden administration will invest $2 billion aimed at US EV manufacturing
Motor and others, on Wednesday called the EPA proposal a"de facto battery electric vehicle mandate" that was"neither reasonable nor achievable."
The UAW has warned such a rapid change could put thousands of jobs at risk in states such as Michigan, Ohio, Illinois, and Indiana. Shawn Fain, the UAW president, has campaigned to save afactory in Belvidere, Illinois, that Stellantis has put on track to shut down. The automaker has left open the possibility that the factory could get a new product with government aid.
Individual awards may be between $25 million and $500 million and funding for the grants would be available through September, 2031. The notice of intent the Energy Department issued on Wednesday is preliminary. The notice may soon be followed by funding announcement that is similar to the notice, significantly different, or may not be issued at all, it said.
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