GM, Fiat-Chrysler, Volvo, and more receive $1.7 billion to increase EV manufacturing and improve auto supply chain

GM, Fiat-Chrysler, Volvo, and more receive $1.7 billion to increase EV manufacturing and improve auto supply chain

July 15, 2024
According to the department, this funding will support the U.S. automotive manufacturing industry and create/retain thousands of jobs.

Eleven shuttered or at-risk auto manufacturing and assembly facilities across the nation will be receiving financial support. The U.S. Department of Energy (DOE) will allocate $1.7 billion to help plants in Michigan, Ohio, Pennsylvania, Georgia, Illinois, Indiana, Maryland, and Virginia produce electric vehicles (EVs) and improve their supply chains. According to the department, this funding will support the U.S. automotive manufacturing industry and create/retain thousands of jobs. Dubbed the Domestic Manufacturing Auto Conversion Grants program, this initiative will allow selected companies to negotiate for awards that will allow them to produce a wide range of automotive products, including parts for electric motorcycles and school buses, hybrid powertrains, heavy-duty commercial truck batteries, and electric SUVs. The program, which is funded by the Inflation Reduction Act, will provide funding to eight different companies, including Fiat-Chrysler, General Motors, Harley Davidson, and Volvo.

What people are saying

In a recent quote, U.S. Secretary of Energy Jennifer M. Granholm said, “There is nothing harder to a manufacturing community than to lose jobs to foreign competition and a changing industry. Even as our competitors invest heavily in electric vehicles, these grants ensure that our automotive industry stays competitive—and does it in the communities and with the workforce that have supported the auto industry for generations.” 

John Podesta, Senior Advisor to the President for International Climate Policy, added, “President Biden set out to build a clean energy economy that benefits everyone. Today’s awards from the Department of Energy help bring that vision to life by investing in the future of the auto industry, creating thousands of good-paying union jobs, and tackling the existential threat of climate change by cutting pollution from the transportation sector.” 

DOE in the news

$7.3 million available for 37 small, medium manufacturers to improve energy efficiency 
The funding will be used to help the manufacturers upgrade their plants to save energy and reduce climate pollution.

DOE releases cybersecurity best practices for the energy industry 
The document is designed to help manufacturers and others in the energy industry create a framework to strengthen key technologies that help manage and operate energy systems. 

DOE invests $71 million to fund 18 projects to advance U.S. solar manufacturing
The funding will be used to support projects that will aid U.S. solar manufacturing capacity.

Learn more about electric vehicle manufacturing

Charging is Carving the Path to EV Adoption
A new study suggests the closer you live to EV chargers, the more likely you are to buy an EV.

Automakers Still Lead Demand for Automation
New robot installations in the U.S. increased by more than 12% last year, topping 44,000 total units, led by automakers and auto parts manufacturers.

Driving EVs Long Distances: Difficult yet Doable
It’s getting easier to drive across the country with electric cars, but it’s not easy or cheap.

About the Author

Alexis Gajewski | Senior Content Strategist

Alexis Gajewski has over 15 years of experience in the maintenance, reliability, operations, and manufacturing space. She joined Plant Services in 2008 and works to bring readers the news, insight, and information they need to make the right decisions for their plants. Alexis also authors “The Lighter Side of Manufacturing,” a blog that highlights the fun and innovative advances in the industrial sector. 

Sponsored Recommendations

Effective Enclosure Heating

Aug. 22, 2024
Effective enclosure heating is essential for peak operational efficiency in outdoor and indoor contexts.

Busbar: The Next Evolutionary Step in Control Panel Design

Aug. 22, 2024
Learn how busbar power distribution can help control panel manufacturers unlock enhanced safety, lower costs, and a reduced automation footprint.

Reduce Contamination with the Right Enclosure for Your Food and Beverage Application

Aug. 22, 2024
Protecting electrical controls and equipment within food and beverage plants presents unique challenges due to the sanitation requirements of the hygienic environment.

Enclosure Climate Control: Achieving the Ideal Temperature

March 28, 2024
There are several factors to consider when optimizing the climate inside your electrical enclosure. Download this white paper to learn more.