Tag: John Podesta

Biden Admin Cuts $85 Million Check to Boost Production of Green Appliance Despite Cratering Demand

South Carolina Sun Staff
Jennifer Granholm

The Biden administration is deploying roughly $85 million to boost production of a green appliance despite plummeting consumer demand, according to a Wednesday press release from the U.S. Department of Energy (DOE).

The White House on Wednesday announced nearly $85 million in grants for four producers of electric heat pumps, the DOE wrote in a statement. The announcement comes despite cratering demand for the electric appliance, with total U.S. shipments of the product falling 16 percent in 2023 despite the federal tax credit being raised from $300 to $2,000 in January 2023, according to a study from the University of California Berkeley’s Haas School of Business.

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Biden Admin Cuts Another Huge Check for Automakers to Go Electric as Electric Vehicle Market Struggles

South Carolina Sun Staff
Tesla being assembled in factory

The Biden administration announced Thursday that it is spending billions of dollars more to help automakers mass-produce electric vehicles (EVs).

The Department of Energy (DOE) is spending $1.7 billion to help manufacturers convert closed or struggling manufacturing facilities to produce EVs or EV components in eight states, including swing states like Pennsylvania and Georgia, as the American EV market struggles. The funding complements $12 billion the DOE unveiled in August 2023 to help major manufacturers retrofit plants for EV production, and the agency projects that the cash announced Thursday will allow for the retention of 15,000 union workers while creating nearly 3,000 jobs.

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