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US offers $12 billion (taxpayer dollars) to auto makers, suppliers for “advanced” vehicles
Posted on 9/1/23 at 6:31 pm
Posted on 9/1/23 at 6:31 pm
quote:
WASHINGTON, Aug 31 (Reuters) - The Biden administration is offering $12 billion in grants and loans for auto makers and suppliers to retrofit their plants to produce electric and other advanced vehicles, Energy Secretary Jennifer Granholm said on Thursday.
"While we transition to EVs, we want to ensure that workers can transition in place, that there is no worker, no community left behind," Granholm, a former governor of car-manufacturing state Michigan, told reporters in a call.
Speeding grants and other subsidies to fund conversion of existing auto plants to build electric vehicles could help the White House blunt criticism from automakers and the United Auto Workers (UAW) union over proposed environmental rules aimed to help usher in the EV era.
The UAW has warned that a rapid change could put thousands of jobs at risk in states such as Michigan, Ohio, Illinois and Indiana.
Last week UAW members voted overwhelmingly in favor of authorizing a strike at the Detroit Three automakers if an agreement over wages and pension plans is not reached before the current four-year contract expires on Sept. 14.
On Thursday UAW President Shawn Fain cheered the announcement, saying the policy "makes clear to employers that the EV transition must include strong union partnerships with the high pay and safety standards that generations of UAW members have fought for and won."
quote:
There will be no specific labor requirements for companies to obtain the funding, but projects that have better labor conditions will have a greater chance of receiving the funding, an Energy Department official said on the call.
The administration will also offer $3.5 billion in funding to domestic battery manufacturers, Granholm said.
For the advanced vehicles, $2 billion in grants will come from the Inflation Reduction Act which was passed by Democrats last year, and $10 billion in loans will derive from the Energy Department's Loans Program Office.
LINK /
Posted on 9/1/23 at 6:34 pm to ragincajun03
Meanwhile in Mexico and South America a stickshift diesel Hilux 4wd costs $35k new
Posted on 9/1/23 at 6:37 pm to ragincajun03
Not the greatest endorsement for the EV crowd
Posted on 9/1/23 at 6:39 pm to ragincajun03
Just give the 12 billion to the streets. The results will be the same. Maybe a few can clean themselves up and get on track.
Posted on 9/1/23 at 6:42 pm to ragincajun03
Free markets are a myth.
Posted on 9/1/23 at 6:44 pm to ragincajun03
Time for a good old tar and feathering of lots of politicians.
Posted on 9/1/23 at 6:44 pm to ragincajun03
Looks like bonuses will be guaranteed again this year.
Posted on 9/1/23 at 6:51 pm to ragincajun03
$700 for those folks in Maui
Posted on 9/1/23 at 6:57 pm to ragincajun03
quote:says who?
While we transition to EVs
Posted on 9/1/23 at 7:00 pm to HeadSlash
quote:
$700 for those folks in Maui
And holding up relief because they tied the disaster relief funds FEMA needs to 24.1 B..b...b....Billion dollars for fricking Ukraine.
ETA: Mind you, the Maui relief effort is projected to cost around $6 billion.
This post was edited on 9/1/23 at 7:02 pm
Posted on 9/1/23 at 7:09 pm to ragincajun03
The only ways “green” things work is free money from the govt.
Posted on 9/1/23 at 7:17 pm to ragincajun03
it's more of a grift between the govt and the unions, who will then make massive donations to the Dems
Posted on 9/1/23 at 7:20 pm to ragincajun03
quote:
The UAW has warned that a rapid change could put thousands of jobs at risk in states such as Michigan, Ohio, Illinois and Indiana.
If the UAW is for it then it has to be good.
This post was edited on 9/1/23 at 7:21 pm
Posted on 9/1/23 at 7:44 pm to fightin tigers
Will any of that cash go towards making the EV's not catch fire if caught in a storm near salt water?
Posted on 9/1/23 at 7:48 pm to dakarx
quote:
Will any of that cash go towards making the EV's not catch fire if caught in a storm near salt water?
Floating cars
Posted on 9/1/23 at 8:18 pm to ragincajun03
Remember when securing our southern border at $5B was just too much?
Posted on 9/1/23 at 8:41 pm to ragincajun03
quote:
Michigan, Ohio, Illinois and Indiana.
That's one way to buy votes.
Posted on 9/1/23 at 8:57 pm to ragincajun03
Our corrupt and inept government
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