The Biden administration’s latest move in its ambitious climate agenda has raised eyebrows across the automotive industry and beyond.
In a sweeping announcement, the Department of Energy (DOE) revealed plans to inject nearly $1.7 billion of taxpayer money into transforming traditional auto manufacturing facilities into electric vehicle (EV) production hubs. This decision comes despite questionable consumer demand and infrastructure readiness for a widespread EV transition.
At the forefront of this initiative are General Motors (GM) and Stellantis, set to receive a whopping $1.1 billion in federal funding.
The DOE claims this investment will modernize 11 plants across eight states, potentially safeguarding 15,000 existing jobs and creating 3,000 new positions.
Energy Secretary Jennifer Granholm framed the grants as a “hallmark of the Biden administration’s industrial strategy,” aimed at revitalizing historical auto manufacturing facilities.
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