Detroit, MI – The Biden administration is set to allocate $100 million to support small and medium-sized auto parts manufacturers in upgrading their facilities and training their workforce.
Vice President Kamala Harris is scheduled to make the announcement during her visit to Detroit. This move comes as part of a series of recent investments and initiatives aimed at facilitating a shift to electric vehicles, a critical issue in Michigan, a key state in the upcoming presidential election.
The funds will be allocated through the Energy Department’s programs to assist suppliers in transitioning from manufacturing parts for internal combustion engine vehicles to components for electric vehicles. The goal is to preserve well-paying union jobs in communities as the industry transitions to electric vehicle manufacturing within the United States.
In addition to the financial support for auto suppliers, the Biden administration will also announce efforts to facilitate private investments into the EV supply chain and expand lines of credit available to small businesses through the Small Business Administration. These actions are part of the administration’s commitment to strengthening the auto industry and supporting local businesses.
The announcement will be joined by prominent figures including Gov. Gretchen Whitmer, Department of Energy Secretary Jennifer Granholm, Acting Secretary of Labor Julie Su, and Congressional Black Caucus Chairman Steven Horsford. The presence of these officials underscores the importance of the initiative and its potential impact on the state.
President Biden has emphasized the importance of promoting electric vehicles, despite criticism from former President Donald Trump. Trump has voiced concerns about the economic implications of the shift to electric vehicles, citing issues such as high costs and limited range compared to traditional gas-powered cars.
The administration’s focus on assisting auto suppliers and preparing the workforce for the transition to electric vehicles reflects a proactive approach to addressing industry challenges. By investing in training programs and financial support, the Biden administration aims to ensure a smooth transition to a cleaner and more sustainable transportation sector.
Overall, the funding allocated to support auto parts manufacturers in Michigan represents a significant step towards advancing the electric vehicle industry and creating economic opportunities in the state.