The Biden administration expanded its efforts to lock in its climate policies on Monday, saying that it would lend almost $7 billion to help build battery factories in Indiana to supply vehicles made by Stellantis, the owner of Jeep, Chrysler, Dodge and Ram.
The financing, which was the second multibillion-dollar loan related to electric-vehicle manufacturing in a week, is part of the administration’s efforts to create domestic supplies of batteries.
President-elect Donald J. Trump has vowed to reverse Biden administration policies aimed at promoting electric-vehicle manufacturing.
Last week, the Department of Energy said it would lend $6 billion to help Rivian build an electric-car factory in Georgia.
Rivian, a relatively new company that makes only electric vehicles, plans to produce sport utility vehicles and hatchbacks at the factory, in Social Circle, near Atlanta.
Persons:
Biden, Stellantis, Ram, Donald J, Trump
Organizations:
Chrysler, Dodge, Transportation, Department of Energy
Locations:
Indiana, United States, Georgia, Atlanta