Biden Administration to Secure Billions in EV Funding Before Trump Takes Office

Reported about 8 hours ago

The Biden administration is moving to finalize significant funding for electric vehicle maker Rivian and hydrogen manufacturer Plug Power before Donald Trump's inauguration. This includes a loan guarantee of nearly $1.7 billion for Plug Power to build hydrogen plants and a federal loan for Rivian's Georgia manufacturing facility, as the Energy Department's green financing program faces potential threats from the incoming Trump administration.

Source: YAHOO

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