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Domestic Manufacturing Conversion Grants: Difference between revisions
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{{ | {{<span class="error">Expansion depth limit exceeded</span>|ProgramName=Domestic Manufacturing Conversion Grants | ||
|ProgramName=Domestic Manufacturing Conversion Grants | |||
|ProgramType=Initiative | |ProgramType=Initiative | ||
|OrgSponsor=Office of Manufacturing and Energy Supply Chains | |OrgSponsor=Office of Manufacturing and Energy Supply Chains | ||
|TopOrganization=Department of Energy | |TopOrganization=Department of Energy | ||
|CreationLegislation=Inflation Reduction Act | |CreationLegislation=Inflation Reduction Act | ||
|Purpose=To support the conversion of domestic facilities from producing internal combustion engine vehicles to manufacturing electric and hydrogen fuel cell vehicles. It aims to preserve jobs and bolster the U.S. in the transition to clean energy transportation.< | |Purpose=To support the conversion of domestic facilities from producing internal combustion engine vehicles to manufacturing electric and hydrogen fuel cell vehicles. It aims to preserve jobs and bolster the U.S. in the transition to clean energy transportation.<span class="error">Expansion depth limit exceeded</span> | ||
|Website=https://www.energy.gov/mesc/domestic-manufacturing-conversion-grants | |Website=https://www.energy.gov/mesc/domestic-manufacturing-conversion-grants | ||
|ProgramStart=2023 | |ProgramStart=2023 | ||
|InitialFunding=$2 billion< | |InitialFunding=$2 billion<span class="error">Expansion depth limit exceeded</span> | ||
|Duration=Until September 30, 2031< | |Duration=Until September 30, 2031<span class="error">Expansion depth limit exceeded</span> | ||
|Historic=No | |Historic=No | ||
}} | }} | ||
'''Domestic Manufacturing Conversion Grants''' is an initiative by the Office of Manufacturing and Energy Supply Chains to support the conversion of domestic facilities from producing internal combustion engine vehicles to manufacturing electric and hydrogen fuel cell vehicles. Its purpose is to preserve jobs, strengthen the domestic supply chain, and advance the U.S. in the transition to clean energy transportation.< | '''Domestic Manufacturing Conversion Grants''' is an initiative by the Office of Manufacturing and Energy Supply Chains to support the conversion of domestic facilities from producing internal combustion engine vehicles to manufacturing electric and hydrogen fuel cell vehicles. Its purpose is to preserve jobs, strengthen the domestic supply chain, and advance the U.S. in the transition to clean energy transportation.<span class="error">Expansion depth limit exceeded</span> | ||
{{ | {{<span class="error">Expansion depth limit exceeded</span>|url=https://www.energy.gov/mesc/domestic-manufacturing-conversion-grants}} | ||
==Goals== | ==Goals== | ||
* Convert existing automotive manufacturing facilities to produce electric and hydrogen fuel cell vehicles.< | * Convert existing automotive manufacturing facilities to produce electric and hydrogen fuel cell vehicles.<span class="error">Expansion depth limit exceeded</span> | ||
* Support job retention and creation in the automotive sector during the transition to clean energy vehicles. | * Support job retention and creation in the automotive sector during the transition to clean energy vehicles. | ||
* Enhance U.S. competitiveness in the global clean vehicle market. | * Enhance U.S. competitiveness in the global clean vehicle market. | ||
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==History== | ==History== | ||
The Domestic Manufacturing Conversion Grants were established through the **Inflation Reduction Act** in 2022, aiming to retool U.S. manufacturing for the electric vehicle era.< | The Domestic Manufacturing Conversion Grants were established through the **Inflation Reduction Act** in 2022, aiming to retool U.S. manufacturing for the electric vehicle era.<span class="error">Expansion depth limit exceeded</span> A Notice of Intent to issue a Funding Opportunity Announcement was published in June 2023, with the actual FOA expected in August 2023.<span class="error">Expansion depth limit exceeded</span> The program has since moved forward with project selections announced in 2024, focusing on various types of electrified vehicles. | ||
==Funding== | ==Funding== | ||
The initiative received an initial funding of $2 billion from the Inflation Reduction Act.< | The initiative received an initial funding of $2 billion from the Inflation Reduction Act.<span class="error">Expansion depth limit exceeded</span> This funding is available until September 30, 2031.<span class="error">Expansion depth limit exceeded</span> Grants provide up to 50% of the cost for conversion projects, with the remainder expected to be covered by private or other investments. | ||
==Implementation== | ==Implementation== | ||
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[[Category:Programs and initiatives]] | [[Category:Programs and initiatives]] | ||
[[Category:Office of Manufacturing and Energy Supply Chains]] | [[Category:Office of Manufacturing and Energy Supply Chains]] | ||