$15.5B to Aid Manufacturers in EV Transition


The U.S. Department of Energy is offering $15.5 billion to boost retooling of U.S. manufacturing facilities to transition to EV production. According to this news release, $2 billion in grants and up to $10 billion in loans will support conversion projects. Meanwhile, $3.5 billion is available to expand domestic EV battery manufacturing. 9/5/2023