President Biden announced a $1.7bn grant for 11 US auto factories to retool for electric vehicle production.

President Biden announced a $1.7bn grant to help retool 11 US auto factories for electric vehicle production. The funding, revealed by the Department of Energy, is aimed at boosting EV production in the US. The grants will support auto manufacturing in eight states, including key battleground states for the 2024 election. These grants are designed to ensure the future of the American auto industry is made in America by American union workers.

July 11, 2024
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