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Biden administration aims $2 billion in grants at US electric vehicle transition

WASHINGTON/DETROIT (Reuters) -President Joe Biden's administration on Wednesday said it intends to invest $2 billion from last year's Inflation Reduction Act to accelerate domestic manufacturing of electric vehicles and resuscitate plants that are struggling. Speeding grants and other subsidies to fund conversion of existing auto plants to build electric vehicles could help the White House blunt criticism from auto makers and the United Auto Workers (UAW) union over proposed environmental rules ....

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