Economy & Business, Politics

Biden Sends Millions to Two Massachusetts EV Companies

pair of Massachusetts companies will benefit from the push to convert to electric vehicles.

Ascend Elements and 6K Inc. were recipients Wednesday of more than $530 million in federal funding through a program designed to support battery manufacturing, recycling, and material processing for the electric vehicle market. Funding, $2.8 billion total, will go to 20 companies in 12 states.

U.S. Democratic Sens. Edward J. Markey and Elizabeth Warren and U.S. Reps. Jim McGovern and Seth Moulton hailed the move that will support the companies based in North Andover and Westborough.

“Massachusetts ingenuity and innovation has and continues to inspire the next generation of climate solutions,” the members of the Massachusetts delegation said in a release.

The delegation, according to the release, said the move will support demand for electric vehicles and at the same time “support good-paying jobs.” Read more…

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