GM, Stellantis Get $1.1B in DOE Grants To Convert Plants To EV Production

Key TakeawaysThe White House on Thursday awarded $1.7 billion in grants to convert 11 plants at risk of closing into electric vehicle (EV) production facilities.GM and Stellantis received a combined roughly $1.1 billion for plants in Michigan, Illinois, and Indiana.The U.S. Department of Energy expects the grants to lead to the retention of 15,000 existing union jobs and the creation of nearly 3,000 new ones.  Automakers General Motors (GM) and Stellantis (STLA) are getting almost $1.1 billion in grants fro ...