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Biden unveils $1.7 billion to boost EV production at U.S. auto factories
The Energy Department on Thursday unveiled $1.7 billion for retooling 11 auto factories to make electric vehicles and their components, with a focus on facilities that have shuttered or could close without federal help.
The funding underscores how the Biden administration is racing to get climate money out the door before the November election, even as it faces criticism for not moving faster on green lending. Should former president Donald Trump win a second term, he could try to...
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