pThe Energy Department is giving out US $1.7 billion in grants to GM, Stellantis, Volvo Group and several suppliers to help support the industry's EV transition./p
The administration of U.S. President Joe Biden is giving a total of more than $1 billion to General Motors and Stellantis to support increased electric vehicle production.
The Energy Department said its Domestic Manufacturing Auto Conversion Grants are funded through the Inflation Reduction Act and support production of EVs, hybrids, plug-in hybrids and hydrogen fuel cell vehicles. The program is designed to help companies make the switch from internal combustion engines to producing EVs and related components.
The largest single grant is going to GM's Lansing Grand River plant. It will be among several GM plants that can build EVs and components, including Factory Zero in Detroit, Orion Assembly in Michigan, Spring Hill Manufacturing in Tennessee, Fairfax Assembly in Kansas and Toledo Propulsion Systems in Ohio. GM committed to investing $1.25 billion at the Lansing plant on future EV production last fall as part of the automaker's new contract with the UAW.
Stellantis shuttered its Belvidere plant, which built the Jeep Cherokee, in February 2023. In its new agreement with the UAW, the automaker agreed to reopen the plant for midsize pickup production starting in 2027, along with a nearby $100 million Mopar parts hub and a $3.2 billion joint-venture battery plant.
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