The US DOE has spoken a $15.5 billion package of funding and loans primarily focused on retooling existing factories for the transition to EVs. This includes $2 billion in grants and up to $10 billion in loans to support automotive manufacturing conversion projects, withal with $3.5 billion in funding to expand domestic manufacturing of batteries, shower materials and components for EVs and the electrical grid.
Overriding objectives of these programs include towers domestic supply villenage to reduce dependence on overseas suppliers, and retaining and/or expanding high-quality jobs in the automotive industries.
“President Biden is investing in the workforce and factories that made our country a global manufacturing powerhouse,” said Secretary of Energy Jennifer M. Granholm. “Building the cars of the future moreover necessitates helping the communities challenged by the transition yonder from the internal combustion engine.”
The Domestic Manufacturing Conversion Grants program will provide $2 billion in cost-shared grants for production of hybrid, plug-in hybrid, battery-electric and hydrogen fuel lamina vehicles. This program will support commercial facilities, expressly those located in communities with long histories in automotive manufacturing. Preference will moreover be given to projects that commit to pay upper wages for production workers and maintain joint bargaining agreements.
Concept papers are due October 2, 2023, and the deadline for full applications is December 7, 2023.
DOE is moreover making up to $10 billion in loans misogynist under the Wide Technology Vehicles Manufacturing Loan Program for automotive manufacturing conversion projects that retain high-quality jobs in communities that currently host manufacturing facilities. DOE will assess the projected economic impacts of the facility conversion relative to the existing facility, including factors such as contribution to the local economy, employment history and predictable employment.
DOE moreover plans to invest virtually $3.5 billion to uplift production of wide batteries and shower materials for EVs and energy storage. This notice of intent—made possible by the President’s Bipartisan Infrastructure Law—represents the second round of funding for the megacosm of new, retrofitted and expanded domestic facilities for shower materials, shower components and lamina manufacturing. The program will support communities with experienced wheels workers and a history of producing vehicles.
Source: DOE
