Mariella Moon has been a night editor for Engadget since 2013, covering everything from consumer technology and video games to strange little robots that could operate on the human body from the inside one day. She has a special affinity for space, its technologies and its mysteries, though, and has interviewed astronauts for Engadget.
The US Energy Department has revealed that it's awarding car and auto parts factories in eight states a total of $1.7 billion in funding, so that they can be retooled to build electric vehicles and their components. According to, the money will come from President Biden 's Inflation Reduction Act, which provides subsidies to EV and battery plants, as well as the $7,500 tax credits consumers can get if they buy an electric vehicle.
One of the 11 recipients is a Jeep factory in Belvidere, Illinois that closed last year. The $334.8 million it will get from the initiative will allow it to reopen to produce electric vehicles and restore 1,450 jobs. GM, which will be awarded $500 million, will convert a plant in Lansing, Michigan to produce EVs instead of gasoline cars. The US subsidiary of Korean auto parts maker Hyundai Mobis will also get $32.
Government officials said they chose communities that are disproportionately affected by pollution or lack of investment. In addition, employees in all of the selected companies are represented by unions. The grants aren't set in stone — the companies still have to negotiate terms with the Department of Energy. They have to commit to retaining their current workers despite the shift to EVs, and they have to meet employment targets.
Jennifer Granholm, the US Energy secretary, believes the fund will retain 15,000 jobs and create 3,000 new ones. Granholm also said that it will help the US "compete with other countries who were subsidizing their auto industries." While the secretary didn't mention China specifically, the country is known for subsidizing its EV manufacturers.
Electric Vehicles Evs Factories Battleground States Vehicle Components US Energy Department
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