With EV demand softening and an incoming administration vowing to end de facto electric mandates, the timing of a new federal award raised eyebrows. The US Department of Energy granted Stellantis 7.54 billion taxpayer dollars to build two battery plants.
The substantial sum arrives at a curious moment, given the cooling enthusiasm for electric vehicles and shifting political winds. Critics are sure to question pouring billions into EV infrastructure just as the market and policy landscape grow increasingly uncertain.