The US Government is providing $2bn in new funding to spur the conversion of long-standing facilities to manufacture electric vehicles and components.
Supported by President Biden’s Inflation Reduction Act, the Domestic Manufacturing Conversion Grants for electrified vehicles program will provide cost-shared grants for domestic production of hybrid, plug-in electric hybrid, plug-in electric drive, and hydrogen fuel cell electric vehicles.
This program will expand manufacturing of light-, medium-, and heavy-duty electrified vehicles and components and support commercial facilities including those for vehicle assembly, component assembly, and related vehicle part manufacturing.
It is designed to fuel a ‘just transition’ for workers and communities in the transition to electrified transportation, with particular attention to communities supporting facilities with longer histories in automotive manufacturing. Preference will also be given to projects that commit to pay high wages for production workers and maintain collective bargaining agreements.
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