DOE Will Invest $2 Billion To Accelerate Domestic Manufacturing Of EVs
DOE Issues Notice of Intent to Accelerate Domestic Manufacturing of Electrified Vehicles as Part of President Biden’s Investing in America Agenda.The US Department of Energy today released a notice of intent to invest $2 billion from the Inflation Reduction Act to accelerate domestic manufacturing of electrified vehicles.
The Inflation Reduction Act combines incentives for consumers and businesses to purchase clean vehicles with programs to expand manufacturing and sourcing of vehicle components and critical minerals in the United States. With $2 billion in funding from the IRA, the Domestic Manufacturing Conversion Grants for electrified vehicleswill provide cost-shared grants for domestic production of efficient hybrid, plug-in electric hybrid, plug-in electric drive, and hydrogen fuel cell electric vehicles.
Those interested in applying for the upcoming funding opportunity are encouraged to register to receive updates from the Office of Manufacturing and Energy Supply Chains. Learn more about the
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