Biden administration offers $12B to convert auto factories into EV plants ...Middle East

The Hill - Technology
Biden administration offers $12B to convert auto factories into EV plants
source : The Hill ( Middle East ) () 35
The Biden administration will put up to $12 billion into converting auto manufacturing facilities into plants for hybrid and electric vehicles, it announced Thursday. Automakers will be able to receive loans or grants to convert their factories into those that make plug-in electric, hybrid, or hydrogen fuel cell vehicles, Energy Secretary Jennifer Granholm told reporters Thursday.  A total of $10 billion will come from the Energy Department’s Loan Program Office and an additional $2 billion coming from Inflation Reduction Act grants. The loan program was also bolstered by the Democrats’ climate, tax and health care bill.  The Department will also make an additional $3.5 billion a

Hence then, the article about biden administration offers 12b to convert auto factories into ev plants was published today ( ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Biden administration offers $12B to convert auto factories into EV plants )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Technology
M6 MacBook Pro Could Put Apple’s iPad Sales In Jeopardy With This One Upgrade As The Revamped Lineup’s Launch Approaches Closer
Wccf tech - before 9 hours & 58 minute
Galaxy S27 Ultra Could Finally Address Endless Customer Complaints Of Older Flagships As Samsung Plans Three Upgrades Next Year
Wccf tech - before 7 hours & 36 minute
Intel’s Cancelled Arctic Sound ‘Xe-HP’ GPU Resurfaces With Dual Tiles & Quad-HBM2E, a Ghost From Its Abandoned 2021 Roadmap
Wccf tech - before 2 hours & 55 minute
God of War Laufey Reportedly Targets First Half of 2027, Lining Up With Santa Monica’s Beloved March-April Window
Wccf tech - before 5 hours & 46 minute
Gears of War: E-Day Demands just 12GB RAM and an RTX 2060, Defying PC Players’ Worst Fears
Wccf tech - before 8 hours & 58 minute
Apple Could Eventually Bring An OpenClaw-Like Competitor To Multiple Platforms, Offering Personalized AI Agents At Flexible Pricing
Wccf tech - before hour & 49 minute
Intel Raptor Lake “Next” Desktop CPUs To Come In Core 7, Core 5, Core 3 Flavors With Up To 20 Cores But Retain 8 P-Cores On LGA 1700 Socket
Wccf tech - before 7 hours & 25 minute
Vampire: The Masquerade - Bloodlines 2 development comes to an end with a big patch and some huge community-requested features
Eruogamer - before hour & 24 minute
Forza Horizon 6 players advised to apply new patch to avoid losing save data and progress
Eruogamer - before 3 hours & 34 minute
Intel’s Z990 Chipset Goes All-In On Gen5, Shrinking Its Die 22% While Pushing Power To 14W
Wccf tech - before 3 hours & 43 minute
Senate Democrat agrees with Trump administration on Anthropic model takedown
The Hill - before 51 minute


Latest News

Senate Democrat agrees with Trump administration on Anthropic model takedown

before 51 minute

Vampire: The Masquerade - Bloodlines 2 development comes to an end with a big patch and some huge community-requested features

before hour & 24 minute

Apple Could Eventually Bring An OpenClaw-Like Competitor To Multiple Platforms, Offering Personalized AI Agents At Flexible Pricing

before hour & 49 minute

Intel’s Cancelled Arctic Sound ‘Xe-HP’ GPU Resurfaces With Dual Tiles & Quad-HBM2E, a Ghost From Its Abandoned 2021 Roadmap

before 2 hours & 55 minute

Forza Horizon 6 players advised to apply new patch to avoid losing save data and progress

before 3 hours & 34 minute

Intel’s Z990 Chipset Goes All-In On Gen5, Shrinking Its Die 22% While Pushing Power To 14W

before 3 hours & 43 minute

God of War Laufey Reportedly Targets First Half of 2027, Lining Up With Santa Monica’s Beloved March-April Window

before 5 hours & 46 minute

Power Semiconductors Used In AI Data Centers Could Become Next DRAM-Level Cash Cow As South Korea Begins $329 Million R&D Plans

before 6 hours & 7 minute

NVIDIA GB300 Dominates Agentic AI Workloads With 20x Performance Leap Over Hopper As Rubin Nears Launch

before 6 hours & 28 minute

Intel Raptor Lake “Next” Desktop CPUs To Come In Core 7, Core 5, Core 3 Flavors With Up To 20 Cores But Retain 8 P-Cores On LGA 1700 Socket

before 7 hours & 25 minute

Galaxy S27 Ultra Could Finally Address Endless Customer Complaints Of Older Flagships As Samsung Plans Three Upgrades Next Year

before 7 hours & 36 minute

Gears of War: E-Day Demands just 12GB RAM and an RTX 2060, Defying PC Players’ Worst Fears

before 8 hours & 58 minute

M6 MacBook Pro Could Put Apple’s iPad Sales In Jeopardy With This One Upgrade As The Revamped Lineup’s Launch Approaches Closer

before 9 hours & 58 minute

Samsung’s iPhone Fold Rival To Adopt The Same Technology That’ll Reduce The Crease And Improve Longevity

before 11 hour & 10 minute

Microsoft reportedly considering restructuring Xbox into its own "wholly-owned subsidiary" and "moving faster" on releasing first-party games

before 22 hour & 13 minute