Biden admin awards $1.7bn to revamp auto facilities for clean vehicle production, targeting 50% EV sales by 2030.

The Biden administration is awarding $1.7 billion to revamp at-risk or closed auto manufacturing facilities across eight states, aiming to convert them for clean vehicle manufacturing. The funding is part of the White House's climate law, the Inflation Reduction Act, and supports domestic production of electric, hybrid, fuel cell, and other clean vehicles. The aim is to have 50% of new vehicle sales be electric by 2030.

July 11, 2024
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