Biden Administration to Inject $1.1 Billion into GM and Stellantis for Electric Vehicle Conversions, Supporting Over 15,000 Jobs
The US Department of Energy plans to award $1.1 billion in grants to General Motors and Stellantis to convert existing plants to electric vehicle production. The grants are aimed at supporting over 15,000 existing jobs and creating 3,000 new jobs in auto manufacturing plants across 8 states. GM is set to receive funding to transition its Lansing Grand River plant in Michigan for future electric vehicle production. Stellantis and other companies such as Harley-Davidson, Blue Bird, Cummins, and Volvo Group also receive grants to convert and upgrade their facilities across various states.