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US working 'as fast as we can' to finalize EV conversion grants -- official
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US working 'as fast as we can' to finalize EV conversion grants -- official
Oct 22, 2024 12:25 PM

DETROIT, Oct 22 (Reuters) - U.S. Energy Secretary

Jennifer Granholm said Tuesday the department is working "as

fast as we can" to finalize $1.7 billion in grants to fund the

conversion of plants to build electric vehicles and components.

"We are working as fast as we can to finalize as much as we

can -- to get the commitments in contract with all of those who

have been selected," Granholm said in an interview on the

sidelines of a Reuters Next conference. "We have a few months to

make sure that we're doing that."

DOE announced plans in July to award General Motors ( GM )

$500 million and Chrysler-parent Stellantis ( STLA ) nearly $600 million

in grants to convert existing plants to build electric vehicles

and components.

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