Lucid (LCID) to debut Air Midnight Dream Edition at IAA in Munich

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US will offer $12B to automakers and suppliers for the advancement of new energy vehicles

August 31, 2023 12:15 PM EDT

U.S. Secretary of Energy, Jennifer Granholm held a briefing with journalists Thursday where the former governor announced the United States will be making $12 Billion in funds available through grants and loans to automakers and their suppliers for the purpose of retrofitting facilities to produce electric and other advanced vehicles.

The funding will include $10 billion from a federal loan program for clean vehicles and aims to support... More