Loading...
Market
First EV model to start production in converted factory by end of 2024?
3
Resolution / Starting Odds
Chrysler Pacifica EV • 25%
Chevrolet Silverado EV • 25%
Ford F-150 Lightning • 25%
Other • 25%
Official announcements from the U.S. Department of Energy or the auto manufacturers
Story
Biden Administration Allocates $1.7 Billion to Convert Auto Plants to EV Factories in Eight Swing States
Jul 11, 2024, 11:30 AM
The Biden administration has announced a $1.7 billion program to support the conversion of shuttered and at-risk auto manufacturing and assembly facilities into electric vehicle (EV) factories. This initiative aims to bolster EV production across eight states, including Pennsylvania, with a particular focus on swing states. The program includes $334 million in grant money specifically allocated to retool Stellantis' idled Belvidere Assembly Plant. The Energy Department is overseeing the distribution of these funds to 11 auto factories, including unionized auto plants, to facilitate the production of clean vehicles and their components.
View original story
Similar markets
Electric motorcycles • 25%
School buses • 25%
Hybrid powertrains • 25%
Heavy-duty commercial truck batteries • 25%
Michigan • 25%
Pennsylvania • 25%
Georgia • 25%
Other • 25%
American Battery Technology Co. • 25%
Albemarle • 25%
Forge Battery • 25%
Cabot Corporation • 25%
Increase in EV production • 25%
No change in EV production • 25%
Decrease in EV production • 25%
Other • 25%
BYD • 25%
NIO • 25%
Xpeng • 25%
Other • 25%
Illinois Facility • 25%
Georgia Facility • 25%
Another US Location • 25%
International Location • 25%
Tesla • 25%
General Motors • 25%
Ford • 25%
Other • 25%
