Biden Administration Offers $12B To Convert Auto Factories Into EV Plants
"The Biden administration will put up to $12 billion into converting auto manufacturing facilities into plants for hybrid and electric vehicles, it announced Thursday."
"The Biden administration will put up to $12 billion into converting auto manufacturing facilities into plants for hybrid and electric vehicles, it announced Thursday."
"Across the country, a profound shift is taking place that is nearly invisible to most Americans. The nation that burned coal, oil and gas for more than a century to become the richest economy on the planet, as well as historically the most polluting, is rapidly shifting away from fossil fuels."
"A deep-pocketed US government program designed to finance futuristic energy businesses is issuing a conditional $9.2 billion loan to Ford Motor Co. for the construction of three battery factories." "It’s one of the biggest loans to a US carmaker in more than a decade – and a watershed moment in Biden’s $400 billion plan to go all in on green technologies."
"The state has ambitious goals to switch to electric vehicles and add clean energy to its grid, but some say it's contending with an “interconnection crisis.’’"
"A U.S.-based rare earth supply chain could boost clean energy and electric vehicles — and military weapons."
"A company that’s trying to become a major American-based supplier of graphite for electric batteries announced Monday it will invest $800 million to build a factory in southwest Georgia, hiring 400 workers."
"The Biden administration on Thursday announced the first regulations to limit greenhouse pollution from existing power plants, capping an unparalleled string of climate policies that, taken together, could substantially reduce the nation’s contribution to global warming."
"In a move that will transform California’s economy and end diesel’s decades-long dominance in goods movement, the Air Resources Board today unanimously approved an ambitious, contentious mandate to shift big rigs and other trucks to zero-emissions."
"In Congress, there is sudden bipartisan momentum to reinstitute tariffs on Chinese components. The U.S. solar industry is alarmed."
"In the past three weeks, President Biden’s administration has proposed regulations to speed the transition to electric vehicles, committed $1 billion to help poor countries fight climate change and prepared what could be the first limits on greenhouse gas emissions from power plants. And yet, many young voters alarmed by climate change remain angry with Mr. Biden’s decision last month to approve Willow, an $8 billion oil drilling project on pristine federal land in Alaska."