July 15, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Department of Energy (DOE) recently awarded $1.7 billion from the Inflation Reduction Act (IRA) of 2022 across 11 auto-manufacturing and assembly facilities from nine companies, to bolster the production and supply chain of electric vehicles (EVs). Industrial Info is tracking progress at all 11 plants, as well as more than $3 billion worth of active and planned projects at these facilities.

Major players set to receive support include General Motors Company (NYSE:GM) (GM) (Detroit, Michigan), Harley-Davidson Incorporated (NYSE:HOG) and Cummins Incorporated (NYSE:CMI) (Columbus, Indiana).

Other companies featured: Fiat-Chrysler Automotive US LLC, Stellantis NV (NYSE:STLA), Mobis North America LLC, Hyundai Motor Company, Blue Bird Body Company (NYSE:BLBD), Volvo Group and ZF Friedrichshafen AG.