As Auto Strike Looms, Biden Admin Puts $15.5 Billion Toward Just Transition to EVs – By Jessica Corbett (Common Dreams) / Sept 1, 2023
“We are glad to see the Biden administration doing its part to reject the false choice between a good job and a green job,” said the United Auto Workers president.
In a move welcomed by progressives in Congress and a top union leader, U.S. President Joe Biden’s administration on Friday announced a $15.5 billion package “primarily focused on retooling existing factories for the transition to electric vehicles” and stressed the importance of “supporting good jobs and a just transition to EVs.”
The Biden administration is making available $2 billion in grants and up to $10 billion in loans for conversion projects that keep jobs in communities already home to automaker facilities, according to a statement about the package. The Department of Energy (DOE) is also planning for $3.5 billion in funding to expand domestic manufacturing of batteries and related materials for EVs and the U.S. electric grid.
“President Biden is investing in the workforce and factories that made our country a global manufacturing powerhouse,” said U.S. Secretary of Energy Jennifer Granholm. “Today’s announcements show that President Biden understands that building the cars of the future also necessitates helping the communities challenged by the transition away from the internal combustion engine.”
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