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$50M Boost for Auto Communities: DOE's Investment in EV Supply Chain
Slice of Manufacturing Team
August 30, 2024
Key Highlights:
$50 million allocated to 6 states with major auto workforces to support the transition to EV supply chains.
Hundreds of high-quality, union jobs to be created and retained in traditional auto communities.
DOE's ITAC program expands, offering $1.5 million for technical assistance in small supplier EV transition.
Source (U.S. Department of Energy)
Notable Quote:
“Under President Biden and Vice President Harris’ leadership, America’s auto communities and the workforces they support finally have the tools they need to compete and thrive in the 21st century clean energy economy.”
Our Take:
This $50 million investment by the Department of Energy is a critical step in ensuring that America's traditional auto communities remain integral to the nation's evolving clean energy economy. By focusing on small- and medium-sized manufacturers, this funding not only protects existing jobs but also creates new opportunities within the electric vehicle supply chain. Furthermore, the expansion of the ITAC program demonstrates a forward-thinking approach to workforce development, ensuring that American workers are equipped to lead the global clean energy transition. This initiative not only strengthens the U.S. manufacturing base but also aligns with the broader goals of environmental justice under the Biden-Harris Administration.