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Auto Industry’s Shift to EVs Gets $12 Billion Boost

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Funding from Washington will help automakers retrofit factories to produce electric vehicles.

Aug. 31, 2023 1:42 pm ETBattery charging. Giant touch screens. Semiautonomous driving. EVs have become computers on wheels. WSJ’s Joanna Stern took three of the leading cars on a road trip and then leased the best one. Photo illustration: Annie Zhao/The Wall Street Journal

WASHINGTON, D.C.—The Energy Department said it is planning to provide up to $12 billion in funding for automakers to retrofit existing manufacturing facilities in the U.S. for the production of electric and hybrid vehicles.Continue reading your article with

 

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