Ramaswamy Says DOE’s $7.5 Billion Loan for Battery Plants Should Be Canceled

The incoming Department of Government Efficiency co-director pledges to scrutinize last-minute spending by the Biden administration.

Vivek Ramaswamy, a former Republican presidential candidate, speaks during Republican presidential nominee and former President Donald Trump's campaign rally at Riverfront Sports in Scranton, Pa., on Oct. 9, 2024. Michael M. Santiago/Getty Images

Vivek Ramaswamy—who will head up a new Department of Government Efficiency (DOGE) alongside Elon Musk—said the U.S. Department of Energy’s (DOE) $7.5 billion loan proposal to StarPlus Energy LLC announced on Monday should be revoked.

StarPlus Energy LLC is a joint venture between Stellantis and Samsung. Ramaswamy noted in a post on X that Stellantis’s CEO resigned the day before the loan announcement.