Motoring: Retooling auto plants for EVs will cost billions. Biden wants to help – Gulf Digital News

  • Date: 17-Nov-2021
  • Source: Gulf Daily News
  • Sector:Industrial
  • Country:Gulf
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Motoring: Retooling auto plants for EVs will cost billions. Biden wants to help – Gulf Digital News

General Motors Co's (GM.N) "Factory Zero" in Detroit is on the front line of a battle for the US electric vehicle market between ageing, unionized factories, and new, non-union plants run by young electric vehicle companies.

President Joe Biden's administration wants to give the older part of the American auto industry a boost.

Biden's scheduled visit Wednesday to Factory Zero will put a spotlight on his administration's proposals to bring billions in federal aid to help older auto factories and the Midwestern communities that depend on them, as part of his "Build Back Better" spending bill.