You are currently viewing Biden Offers $1.7 Billion to Help Factories Build Electric Vehicles

A Jeep plant that closed last year will be among those that will benefit from federal grants meant to help automotive manufacturers and protect jobs.

The federal government will grant car and auto parts factories in eight states $1.7 billion to begin producing electric vehicles and other clean energy technology, the Biden administration announced on Thursday.

Among the 11 recipients will be a Jeep factory in Belvidere, Ill., that the brand’s parent company Stellantis closed last year. The money will allow the plant to reopen and produce electric vehicles, officials said, restoring almost 1,450 jobs.

Other beneficiaries include a factory in Georgia that plans to make Blue Bird electric school buses, a General Motors factory in Michigan that will shift production from gasoline to electric vehicles, and a Harley-Davidson factory in Pennsylvania that will increase production of electric motorcycles.

The funding helps to address fears that electric vehicles will endanger jobs at factories that

Keep reading this article on The New York Times Business.

Leave a Reply