Vice President Kamala Harris has announced $100 million in federal grants for automotive suppliers as the White House looks to accelerate the car industry’s transition toward electric vehicles.
The money will be allocated to small and medium-sized automotive suppliers through two government initiatives, both managed by the Department of Energy. Half will be distributed by the Automotive Conversion Grant program, which aims to help companies upgrade existing ICE-focused factories to support electric vehicle manufacturing.
The remaining $50 million will help companies improve “energy and material efficiency, cybersecurity, or productivity, or reduce the greenhouse gas emissions” at their facilities.
