BIDEN ADMINISTRATION GIVES OVER A BILLION DOLLARS TO THE ELECTRIC CAR INDUSTRY

By Éric Descarries

At a time when the electric car industry seems to be losing momentum in the U.S., the federal government has announced a US$1.7 billion contribution to eleven plants in eight states to boost vehicle production.

These include $500 million for GM’s Lansing Grand River assembly plant in Michigan, $334.8 million for the Belvedire assembly plant in Illinois (which Stellantis temporarily closed last year) and $250 million for Stellantis to manufacture electric drive modules at its Indiana transmission plant. These investments are expected to create over 2,900 jobs and retain 15,000.

Other grants will also go to plants in Michigan, Illinois, Indiana, Ohio, Pennsylvania, Georgia, Maryland and Virginia. American Autoparts Inc’s chassis plant in Ohio and Volvo Group’s truck plants (unrelated to Volvo cars) in Pennsylvania will also get their share, while smaller plants from Stellantis, Volvo, Harley-Davidson and ZF will receive financial support for their participation in the electric field.

PICTURE CREDIT: GM