U.S. offers $12 billion for automakers, suppliers to make advanced vehicles

📆 8/31/2023 7:41 PM
📰 therealautoblog

⏱ Reading Time:
12 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 51%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

The U.S. is ofering $12 billion for automakers and suppliers to retrofit plants to produce electric and other advanced vehicles, the energy secretary says.

Energy Secretary Jennifer Granholm in aWASHINGTON — The United States is making $12 billion available in grants and loans for automakers and suppliers to retrofit their plants to produce electric and other advanced vehicles, Energy Secretary Jennifer Granholm told reporters on Thursday. manufacturers, Granholm said.

For the advanced vehicles, $2 billion of the funding will come from the Inflation Reduction Act which Democrats passed last year, and $10 billion will come from the Energy Department's Loans Program Office, Granholm said.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US offers $12 billion for automakers, suppliers to make advanced vehiclesThe United States is making $12 billion available in grants and loans for automakers and suppliers to retrofit their plants to produce electric and other advanced vehicles, Energy Secretary Jennifer Granholm told reporters on Thursday.
Source: Reuters - 🏆 2. / 97 Read more »