rselak@tribtoday.com
General Motors and the state have an agreement on how the automaker will invest $12 million into the Mahoning Valley, required as part of settlement with GM for breaking job creation and retention tax credit agreements it received to retool its former Lordstown assembly plant.
Announced Thursday, the division of funding invests in workforce development, education and infrastructure in a way that builds on the area’s rich history of manufacturing as it positions itself for growth in the automotive industry, specifically in electric vehicles.
GM has committed $5 million to Youngstown State University for workforce development in partnership with Eastern Gateway Community College and funding to create the YSU Energy Storage Innovation and Training Center.
Governors Wind Energy Coalition
Group unveils path to 100% EV sales by 2030 Source: By Maxine Joselow, E&E News reporter • Posted: Wednesday, January 13, 2021
The Zero Emission Transportation Association yesterday unveiled a plan that would set the U.S. on a course for 100% electric vehicle sales by 2030. Ivan Radic/Flickr
A clean transportation lobbying group yesterday rolled out an action plan that it says would help the United States reach 100% electric vehicle sales by 2030.
The policy platform from the Zero Emission Transportation Association outlines the most significant steps that President-elect Joe Biden and the 117th Congress can take to phase out sales of fossil fuel-powered vehicles within the next decade.
rselak@tribtoday.com
LORDSTOWN Lordstown Motors Corp. will begin due diligence with the U.S. Department of Energy to secure a loan the upstart electric truck maker would use to support the launch and production of its Endurance pickup.
The company announced Wednesday it advanced to the next stage of the application process in the Advanced Technology Vehicles Loan Program, created in 2007 to foster production of fuel-efficient vehicles.
Moving on, however, is not an assurance the company will secure a loan through the program that already has given billions to the likes of Ford, Tesla and Nissan.
“As we’ve said before, our business model is not reliant on receiving the ATVM loan,” Lordstown Motors founder / CEO Steve Burns said. “The funds would, however, enable us to increase production capacity to get the Lordstown Endurance to more customers more quickly, while simultaneously advancing research and development of future vehicles.”
LORDSTOWN Lordstown Motors Corp. will begin due diligence with the U.S. Department of Energy to secure a loan the upstart electric truck maker would use to support the launch and production of its Endurance pickup.
The company announced Wednesday it advanced to the next stage of the application process in the Advanced Technology Vehicles Loan Program, created in 2007 to foster production of fuel-efficient vehicles.
Moving on, however, is not an assurance the company will secure a loan through the program that already has given billions to the likes of Ford, Tesla and Nissan.
“As we’ve said before, our business model is not reliant on receiving the ATVM loan,” said Lordstown Motors founder / CEO Steve Burns. “The funds would, however, enable us to increase production capacity to get the Lordstown Endurance to more customers more quickly, while simultaneously advancing research and development of future vehicles.”
Startup Lordstown Motors Corp said Wednesday it is in advanced talks with the U.S. Energy Department seeking a government loan from a program to help pay for the costs of retooling a factory to build electric trucks.