US offers $12 billion for automakers, suppliers for advanced vehicles

📆 8/31/2023 8:17 PM
📰 ChannelNewsAsia

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WASHINGTON :The Biden administration is offering $12 billion in grants and loans for automakers and suppliers to retrofit their plants to produce electric and other advanced vehicles, Energy Secretary Jennifer Granholm said on Thursday.'While we transition to EVs, we want to ensure that workers can transition

The UAW has warned that a rapid change could put thousands of jobs at risk in states such as Michigan, Ohio, Illinois and Indiana. President Joe Biden said in a release that"building a clean energy economy can and should provide a win-win opportunity for auto companies and unionized workers who have anchored the American economy for decades."

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US offers US$12 billion for automakers, suppliers for advanced vehiclesWASHINGTON: The Biden administration is making US$12 billion available in grants and loans for automakers and suppliers to retrofit plants to produce electric and other advanced vehicles, Energy Secretary Jennifer Granholm told reporters on Thursday (Aug 31). 'While we transition to EVs, we want to ensure
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