Multi-Billion Dollar Appeal for US Transition to Electric Vehicles
The statement from the US Department of Energy states that said resource includes the provision of a $2 billion grant and a $10 billion loan as part of the reorganization of existing factories to transition to vehicles. electrical.
The ministry also announced its intention to provide $3.5 billion in financing for domestic production of electric vehicle batteries and battery components imported from other countries.
Emphasizing that the mission statement outlines how the Department of Energy will support growing workers in the domestic industry and manufacturing sector, it was noted that US President Joe Biden’s “Invest in America” agenda also enhances national security by create the necessary local supply chains. to achieve ambitious climate goals.
US Energy Secretary Jennifer Granholm, whose remarks were included in the statement, drew attention to the fact that President Biden is investing in the workforce and factories that will make the country a global production hub. (AA)