The White House has unveiled a $100 million investment initiative aimed at auto part manufacturers to support their transition to electric vehicle (EV) production, as reported by CBS News.
On her visit to Michigan, Vice President Kamala Harris, announced the initiative. She was joined by Governor Gretchen Whitmer, Secretary of Energy Jennifer Granholm, and Acting Secretary of Labor Julie Su.
This funding targets small and medium-sized suppliers, with $50 million allocated from the Department of Energy’s (DOE) Automotive Conversion Grants program. This portion is dedicated to aiding manufacturers in shifting their production towards EV components.
The remaining $50 million is sourced from the DOE’s Industrial Assessments Center Implementation Grants Program. This funding is designed to enhance production facilities by improving energy efficiency, cybersecurity, productivity, and reducing greenhouse gas emissions.
This announcement is part of broader efforts to boost EV development in Michigan, which include the establishment of an EV hub to train future technicians and a new workforce program focused on training battery manufacturers for EV applications.
“This funding will maintain the Domestic Conversion Grant’s same focus on supporting retooling to keep good, good-paying and union jobs in the same communities as automakers and auto suppliers transition to electric vehicle manufacturing here in America,” the White House stated in a press release.
