$1 Billion Fund Could Spark More Electric Vehicle Growth

The electrification of the automotive industry continues to receive full backing of the U.S. government. The current administration under President Biden is supporting a $1 billion fund focused on growing small- to medium-size electric vehicle businesses. Investment firm Monroe Capital was tapped to facilitate the fund, which was dubbed the “Drive Forward Fund LP.” “The [...] The post $1 Billion Fund Could Spark More Electric Vehicle Growth appeared first on ETF Trends .