Electric Vehicle

The U.S. Department of Energy, through the Office of Manufacturing and Energy Supply Chains, announced $50 million for six states with significant automotive workforces to help small- and medium-sized suppliers adapt manufacturing facilities for the electric vehicle supply chain, helping to maintain good-paying, union jobs in traditional auto communities.

The U.S. Department of Energy today announced $1.7 billion to support the conversion of 11 shuttered or at-risk auto manufacturing and assembly facilities across eight states—Michigan, Ohio, Pennsylvania, Georgia, Illinois, Indiana, Maryland, and Virginia—to manufacture electric vehicles and their supply chain.

The U.S. Department of Energy finalized its guidance interpreting the statutory definition of “foreign entity of concern” (FEOC) in Section 40207 of the Bipartisan Infrastructure Law. The FEOC interpretive guidance is designed to limit the participation of FEOCs in domestic battery supply chains and bolster the growth of domestic and friend-shored battery materials processing and manufacturing.

The U.S. Department of Energy through its Loan Programs Office today announced the closing of a $362 million loan to CelLink Corporation (CelLink) to help finance the construction of a domestic manufacturing facility that will produce components essential to electric vehicle assembly.

The U.S. Department of Energy announced a $15.5 billion package of funding and loans primarily focused on retooling existing factories for the transition to electric vehicles (EVs) —supporting good jobs and a just transition to EVs. This includes making available $2 billion in grants and up to $10 billion in loans to support automotive manufacturing conversion projects that retain high-quality jobs in communities that currently host these manufacturing facilities.