The Biden administration and Department of Energy will provide $1.7 billion in grants to automakers and suppliers to support the transition to all-electric vehicles. The funding package includes a $500 million grant for the GM Lansing Grand River Assembly plant in Michigan. Although it’s currently unclear exactly which GM products will be supported, the GM Lansing Grand River plant is expected to produce GM BEV Prime vehicles, including the Chevy Corvette EV and various all-electric Cadillac sedans.
The new grant follows GM’s announcement to invest $1.25 billion in the Lansing Grand River plant, a commitment made last November to bolster its electric vehicle production capabilities.
According to Automotive News, the $1.7 billion in new federal funding will be distributed across 11 plants in eight states: Michigan, Illinois, Indiana, Ohio, Pennsylvania, Georgia, Maryland, and Virginia. The $500 million allocated to GM Lansing Grand River is the largest single grant of the lot. The funding also includes $334.8 million for the Stellantis Belvidere Assembly plant in Illinois and $250 million for Stellantis’ electric drive module production in Indiana. The U.S. Department of Energy expects the initiative to create more than 2,900 new jobs and retain 15,000 existing positions.
Funding will be provided through the Inflation Reduction Act and the Energy Department’s Domestic Manufacturing Auto Conversion Grants program. The program supports the production of all-electric vehicles, hybrids, plug-in hybrids, and hydrogen fuel cell vehicles.
Currently, the GM Lansing Grand River plant produces the ICE-based Cadillac CT4 and CT5 sedans. Previously, the Lansing Grand River facility produced the Chevy Camaro, although Camaro production ended earlier this year. While GM has yet to confirm specific future products or timelines for the plant, there is speculation that the iconic Camaro nameplate might return as an all-electric vehicle.
The companies receiving these funds will negotiate grant terms with the administration, and the Energy Department will conduct environmental reviews for each project. President Biden emphasized that the shift to a clean energy economy should benefit both union autoworkers and automakers.
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Comments
Quit printing money and causing even more inflation. GM can spend their own money for EV production.
This is no different than what the Chinese have been doing with their subsidies but at a smaller scale compared to them. The only difference is in the US customers still have freedom of choice. China can “insist” on you buying what they tell you to and you’d better not have a word to say about it if you don’t want to be “relocated.”
Aaah the shills and little pinks have been triggered. Good. Puts a smile on my face. 🙂
More vote buying. Hmm, isn’t Michigan a swing state?
Government Motors is back in business.
ah yes, let’s fix inflation by pumping $1.7B into Automakers to flood the market with expensive rapidly-depreciating EVs
The left just wants their way (with little-to-no assessment of consequences), no matter how they get it.
Ummmm …but nobody wants them.
Doing what they do best- pumping money into wasteful things where its not needed and driving inflation up even more.
So many naysayers today. Seems like you didn’t get any sex last night.
My thoughts exactly (well minus the sex part). They complain about how far ahead the Chinese competition is but this is exactly what they did to get this far ahead. What Biden is doing is simply taking a page out of their playbook and subsidizing this. We wanna complain about unfair trade practices but when the toothless WTO doesn’t do anything but turn a blind eye to them then why should we play fair as well? The WTO has set the precedent that rules don’t mean squat.
What a dumb, pointless comment. Many don’t agree with you, so you cheapshot them, which is a typical lefty response. Does that make you feel superior?
Why is it pointless? I’d rather see my tax dollars go into our own economy to bolster our manufacturing and counter a country that wants nothing more to destroy the democratic led world order so they can dominate the world and coerce everyone else into their desires (like invade Taiwan and South China Sea) than it going to Ukraine. Its the least they can do after destroying our manufacturing base with their delusional thought that China would democratize so lets give them our manufacturing.
85, the comment was aimed at GM Owner’s idiotic post, not yours.
Your comment, however, mentions Ukraine. Which party is committed to that hopeless war?
Lastly, it has never been a good societal policy to pick winners and losers in manufacturing. It’s not the government’s business to do so.
Why? There are always strings attached. When the government starts dictating business, your nation is in trouble. The green new deal is government control and coercion run amok.
In the meantime, government deals are never clean and honest. Never.
Why you trust the government is beyond me with their long list of failures and excessive waste. They specialize in waste.
Dems have been. And to counter a has-been of a country who exposed to the world what a neglected corrupt military since the Soviet times says about the country’s dire situation internally especially when they have to stoop so low to have to beg the North Koreans and Iran for hardware. If you want to see someone with an extreme fall from grace and lashing out in desperation, look no further than Russia. Meanwhile you have people like Gavin Newsom cleaning up the streets of San Francisco so as to welcome a dictator from a real threat of a country with open arms and then promote BYD rather than one of the home grown EV brands, all of which are based in HIS state. That’s my take on the matter. We should bolster our manufacturing and infrastructure before anything else otherwise we become another Russia.
I get what you are saying. But if I had to pick my poison I’d rather my tax dollars be invested internally than given away with no benefit to us Americans. Trump passed a spending bill that helped my school receive a new training ship (the NSMV-1). My school, a state maritime university, has tried for years to replace their aging training ship and if not for that spending bill, it would have never happened.
What GM should be doing with that money, is using it to find a permanent solution that works, and will fix the problem of the roofs being dented on 2023/2024 Chevrolet Colorados when they go through a car wash. Build them with enough decent metal, so that in the event of a roll over accident the roof doesn’t crush down and maim or kill whoever is inside. Had my 2024 Colorado a little over a month, took it through a car was, the roof was popping and it came out with a dent. Took it to the dealership, who fixed the dent, and put stiffening pads under the roof, which was the fix that GM said would take care of the problem. Ha ha, joke was on me. Took the truck through the car wash again, same thing happened. Oh yea, we have a fix for that, according to GM. Sorry GM, your fix sucked. Now how about using some of that government money, which is the people’s money, and fix my truck the right way, as well as the owners of the other trucks with the same problem.
Liberals at work.
Mandate EVs.
OEMs comply and lose too much money when sales are not all that, even with tax credits.
OEMs tap the brakes on develepment plans and start firing people.
Uhoh election year and bad news=equals more of your money in automaker welfare.
The USA needs to be competitive in the production of EV’s. Our ICE vehicles struggle enough as is, we can’t afford to fall behind the rest of the world in making quality EV’s. I’m okay with our government helping our manufacturers be more competitive in these new technologies. Hell, other countries do it, they know how important manufacturing is to an economy.
Another reason why I no longer buy GM products or vote for Biden.
Biden is a CRIMINAL.