U.S.: government awards USD 1.7 billion to expand EV manufacturing capabilities

In July 2024, the U.S. Department of Energy (DOE) announced a significant USD 1.7 billion investment, part of the Inflation Reduction Act, to transform 11 automotive assembly plants across eight U.S. states into electric vehicle (EV) production facilities.

The Domestic Manufacturing Auto Conversion Grants program will help strengthen domestic supply chains, reduce dependence on foreign suppliers, and ensure the stable and constant production of essential EV components. The modernized plants will produce a wide range of parts, from hybrids and battery components to electric propulsion systems.

This announcement came weeks after the U.S. government quadrupled tariffs on EVs from China, highlighting a strategic move to