News Formal

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

  • 📰 WSJ
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wagon-Only 2024 Passat Is A Refuge From EVs And SUVs For Europe’s Business DriversNo-nonsense sister to upcoming Skoda Superb gets PHEV options with up to 62 miles of electric range
Source: Carscoop - 🏆 306. / 63 Read more »