Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»Michigan EV industry welcoming new investment
    Investments

    Michigan EV industry welcoming new investment

    July 24, 20241 Min Read


    charging-socket-on-an-electric-vehicle-3

    Michigan’s electric vehicle industry is praising the Biden administration for its latest investments in EV manufacturing.

    About $650 million will go toward retooling auto plants in Lansing and Marysville to produce newer EV models. It’s part of the Inflation Reduction Act, and funds will also go to seven other states to make more EVs.

    Sophia Schuster with the Michigan Energy Innovation Business Council says this money should help the state fight brain drain. She notes Michigan is 49th in the U.S. in population growth since 1990.

    “I think it’s exciting to show that investments like these not only encourage people to stay in Michigan, but that there is a lot of potential for the clean energy workforce, particularly in the auto manufacturing space,” Schuster said.

    In Michigan, the plans are expected to retain more than 1,000 jobs and create a few dozen new ones.

    Billions of dollars have already been spent during the Biden administration to reduce vehicle emissions and combat climate change. Transportation is the top source of emissions in the U.S.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    IIFL Finance bonds base issue of Rs 500 cr fully subscribed

    Investments

    Psychology says the way you describe your retirement predicts how happy you actually are—here are 7 phrases to watch for – VegOut

    Investments

    Retirement panic as date set for Social Security to run out of cash

    Investments

    Premium Bonds – Three winners scoop £50,000 in County Durham

    Investments

    How Spending Shocks Affect Retirement Planning

    Investments

    Custodian Property Income REIT swoops for family company in £36m deal

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    New data reveals incredible surge in key energy sector: ‘Crowding out coal-fired power’

    Cryptocurrency

    Immediate Growth: How to Trade Cryptocurrency Using AI

    Commodities

    Water and energy: A 130 billion Dirham (USD 13 billion) mega-program

    Editors Picks

    The Next Big Cryptocurrency? 5 Coins to Watch in 2025

    February 21, 2025

    Brooklyn man charged with stealing nearly US$16 Million by pretending to be cryptocurrency exchange rep and scamming users

    December 19, 2025

    Silver’s Biggest One-Day Surge Since 2008 Ignites A Powerful New Uptrend

    January 26, 2026

    The Currency Warm War Has Begun

    August 7, 2024
    What's Hot

    Nilesh Shah outlines how to build a resilient portfolio in the current market—Key sectors to focus on

    December 11, 2025

    Next Cryptocurrency to Explode, 21 March — UPCX, Form, Reserve Rights, Flare

    March 22, 2025

    Energy Drinks Banned in Kuwait Under New Health Regulations

    December 26, 2025
    Our Picks

    Kinross Gold annonce le renouvellement de l’offre publique de rachat dans le cours normal des activités -Le 19 mars 2025 à 22:03

    March 19, 2025

    Fintech firm becomes first in Europe to tokenise mortgages

    October 14, 2025

    UK homeowners issued warning as property prices plummet over summer

    August 18, 2025
    Weekly Top

    Police arrest three for cryptocurrency fraud

    February 17, 2026

    IIFL Finance bonds base issue of Rs 500 cr fully subscribed

    February 17, 2026

    Martin Lewis explains ‘everything off’ rule to bring down your energy bills

    February 17, 2026
    Editor's Pick

    Top Crypto Presale for 2026: UK Government Tokenizes Bonds with HSBC, but DeepSnitch AI Is Likely the Top Crypto Presale to Buy Now

    February 14, 2026

    Jiangxi Copper Forms Strategic Alliance with FQM

    July 24, 2024

    Severe weather in Andalusia tests Spain’s agricultural insurance framework: Morningstar DBRS

    February 12, 2026
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.