The Department of Energy's recent loan approvals reinforce the government’s focus on boosting clean energy manufacturing within the U.S., countering potential cuts in funding under a new administration.
The Advanced Technology Vehicles Manufacturing (ATVM) loan program is pivotal, having previously saved Tesla in 2009, and is now helping to reestablish U.S. manufacturing for electric vehicles.
Under the Biden administration, the DOE is aggressively supporting clean energy initiatives, conditionally approving loans that emphasize collaboration with local communities for job creation and economic growth.
Around $112 billion in private investment has been pledged by automakers and battery manufacturers to develop domestic supply chains, significantly benefiting regions that lean Republican.
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