Biden administration aims $2 billion in grants at US electric vehicle transition

  • Friday, June 30, 2023
  • Source:ferro-alloys.com

  • Keywords:nickel, electric vehicle, steel
[Fellow]President Joe Biden’s administration on Wednesday said it intends to invest $2 billion from last year’s Inflation Reduction Act to accelerate domestic manufacturing of electric vehicles and resuscitate plants that are struggling.
[Ferro-Alloys.com] 

Biden administration aims $2 billion in grants at US electric vehicle transition

President Joe Biden’s administration on Wednesday said it intends to invest $2 billion from last year’s Inflation Reduction Act to accelerate domestic manufacturing of electric vehicles and resuscitate plants that are struggling.
 
The Department of Energy’s Vehicle Technologies Office said the program will prioritize projects that refurbish or retool manufacturing plants that have recently stopped operations or were expected to close soon.
 
The Biden administration, as part of its goal of decarbonizing the economy by 2050, is pushing the US auto industry to accelerate a transition to EVs. The Environmental Protection Agency (EPA) in April proposed rules that could result in as much as two-thirds of the new vehicle market shifting to EVs by 2032.
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  • [Editor:邢亚敏]

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