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Wed. Jul 17th, 2024

Cummins to Use $75 Million in Federal Grant to Modernize Columbus Plant to Make Electric Vehicle Components – Indianapolis News | Indiana Weather | Indiana Traffic

By meerna Jul11,2024
Cummins to Use  Million in Federal Grant to Modernize Columbus Plant to Make Electric Vehicle Components – Indianapolis News | Indiana Weather | Indiana Traffic

INDIANAPOLIS (WISH) — One of the world’s leading manufacturers of diesel engines — and one of Indiana’s largest employers — is joining the electric vehicle revolution.

Cummins will receive a $75 million grant from the U.S. Department of Energy to convert part of its Columbus engine plant to produce zero-emission components and electric vehicle drive systems.

“The $75 million grant is the largest federal grant ever awarded solely to Cummins and is part of the Inflation Reduction Act funding. The total investment in the plant will be $150 million,” Jon Mills, Cummins chief communications officer, said in a statement Thursday.

On Thursday, Department of Energy officials will join Cummins executives and Columbus Mayor Mary Ferdon to make an official announcement.

The funding for Cummins is part of nearly $2 billion in federal grants announced Thursday to help restart or expand electric vehicle manufacturing and assembly plants in Indiana and seven other states.

Stellantis, the parent company of brands such as Dodge, Ram and Jeep, will receive a $250 million grant to convert one of its Kokomo transmission factories into a factory that makes drive modules for electric vehicles.

The automaker announced plans last year to invest $155 million in its three Kokomo plants to “add and localize” production of electric drive modules.

By meerna

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