The Biden administration is making up to $12 billion available for automakers to retrofit their facilities to make electric vehicles and hybrids.
The funding comes amid tense negotiations between Detroit auto companies and the United Auto Workers, which has raised concerns the transition to EVs may threaten union jobs. It includes $10 billion in newly announced funds from a US Energy Department loan program for clean vehicles. The Energy Department also said it’s planning to make available an additional $3.5 billion in financing to expand domestic battery manufacturing for vehicles and the nation’s power grid.
US Energy Secretary
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