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Volvo operations in the New River Valley to receive federal funding for upgrades

The Department of Energy announced that Mack and Volvo Trucks will be awarded over $208 million in federal funding through the Domestic Manufacturing Conversion and Grant Program.

According to the department, the funding was made possible by the Inflation Reduction Act, which Virginia Senators Tim Kaine and Mark Warner voted to pass.

“I am thrilled to see today’s announcement investing in the domestic manufacturing of clean vehicles. This funding, courtesy of the Inflation Reduction Act I was proud to help pass, will help transform Volvo’s work in the New River Valley, bringing jobs to the region and boosting the local economy,” said Warner.

We’re told the funding will upgrade operations, sustain 7,900 union jobs, and create 295 new jobs in Virginia, Maryland, and Pennsylvania.

The funds will also support electric heavy-duty vehicle production at Volvo’s New River Valley truck manufacturing facility by creating a mixed-model assembly line.

“The Inflation Reduction Act, which we passed in the Senate by one vote, made historic investments to increase domestic manufacturing of electric vehicles to reduce greenhouse gas emissions and help ensure clean air for generations to come,” Kaine said. “And now those investments are coming to Volvo Trucks to expand its operations in the New River Valley. I was glad to visit Volvo’s Dublin plant last year to see the hard work of the facility’s employees and test drive an electric truck. I’m thrilled to see how this investment will create jobs, expand the facility’s capacity and production, and boost economic growth in the region.”

Source: WSLS News 10

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