1 min read

Season 3, Episode 202

Inflation Reduction Act boosts funding for electric vehicle production

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Guest Name:


Desiree Hoffman

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uaw.org

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United Auto Workers (UAW) Assistant Legislative Director Desiree Hoffman joined the America’s WorkForce Union Podcast and discussed provisions in the Inflation Reduction Act to boost funding for the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program.

The ATVM provides debt funding to the U.S. auto industry for research and development so U.S. manufactured vehicles meet higher mileage requirements and lessen U.S. dependence on foreign oil. 

Greener vehicles are the future, and other countries are actively preparing for this technology, Hoffman said. This new funding will help ensure the U.S. does not fall behind, she explained. 

The Inflation Reduction Act also provides $2 billion in funds for Domestic Conversion Grants to retool existing auto manufacturing facilities to increase the domestic production of hybrids, plug-in hybrids, electric vehicles and hydrogen fuel cell vehicles, Hoffman said. 

Listen to the entire episode to learn more about how the Inflation Reduction Act would benefit the automotive industry.


America’s Work Force is the only daily labor podcast in the US and has been on the air since 1993, supplying listeners with useful, relevant input into their daily lives through fact-finding features, in-depth interviews, informative news segments and practical consumer reports. America’s Work Force is committed to providing an accessible venue in which America's workers and their families can hear discussion on important, relevant topics such as employment, healthcare, legislative action, labor-management relations, corporate practices, finances, local and national politics, consumer reports and labor issues.

America’s Work Force Union Podcast is brought to you in part by our sponsors: AFL-CIO, American Federation of Government Employees, American Federation of Musicians Local 4, Alliance for American Manufacturing, Anthem Blue Cross Blue Shield, Brotherhood of Maintenance of Way Employes-IBT, Boyd Watterson, Columbus/Central Ohio Building and Construction Trades Council, Communication Workers of America, Mechanical Insulators Labor Management Cooperative Trust, International Association of Heat and Frost Insulators and Allied Workers Local 50, International Federation of Professional and Technical Engineers, International Union of Bricklayers and Allied Crafts, International Union of Painters and Allied Trades District Council 6, Ironworkers Great Lakes District Council, Melwood, The Labor Citizen newspaper, Laborers International Union of North America, The National Labor Office of Blue Cross and Blue Shield, North Coast Area Labor Federation, Ohio Federation of Teachers, United Labor Agency, United Steelworkers.

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