US Sparks EV Growth with $7.54B Stellantis-Samsung Loan

The U.S. government is dishing out up to $7.54 billion to Stellantis and Samsung SDI for two new EV battery plants in Kokomo, Indiana, aiming to juice North American battery production and cut China reliance. Slated to create 2,800 jobs, the first plant kicks off in Q1 2025 with 33 GWh capacity, followed by a 34 GWh plant in 2027. Conditions? Community engagement and good pay. Meanwhile, DOE eyes more EV-friendly funds, proving America’s fully charged for a greener future!