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28 Jun
18:40

US plans $2 billion investment into electrified vehicle manufacturing

The US Department of Energy (DOE) said Wednesday it intends to invest $2 billion from the Inflation Reduction Act to boost domestic production of electrified vehicles, Kallanish reports. The cost-shared grants will prioritise projects that refurbish or retool manufacturing facilities that have recently shut down or that are expected to cease operating in the near future. Funding will become available “in coming months” supporting the production of effi…
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