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Nearly $2B in Grants to OEMs Will Spark EV-Expansion Efforts

July 16, 2024
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CommentsMarkets Insider reports that the Biden administration will award nearly $2B in grants to General Motors, Stellantis and other automotive OEMs to help restart or expand electric-vehicle manufacturing and assembly sites in eight states. The Energy Department grants, totaling $1.7 billion, will fuel projects expected to create more than 2900 jobs and help ensure that some 15,000 union workers retain their jobs across 11 OEM facilities.

Technologies: Management

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