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Shuttered auto plants will become EV factories thanks to $1.7 billion Biden program
July 11, 2024
Stellantis’ idled Belvidere Assembly Plant is one of the factories that will have new life as an EV facility thanks to $334 million in grant money. | Image: Getty
The Biden administration announced $1.7 billion to convert endangered or shuttered plants into electric vehicle manufacturing facilities.
Eleven auto factories across eight states that are currently closed or at risk of closing will receive the funding in order to retrofit their operations for EV manufacturing, administration officials said in a call with reporters. The types of goods these factories will produce run the gamut from “parts for electric motorcycles and school buses, hybrid powertrains, heavy-duty commercial truck batteries, and electric SUVs,” the White House says.
“Building a clean energy economy can and should be a win-win for union autoworkers and automakers,” President Joe Biden said in a statement. “This investment…