US spends USD2.8B to lift electric car battery output
Date
10/20/2022 4:28:18 AM
(MENAFN) US Leader Joe Biden's government on Wednesday made a statement that it was giving USD2.8 billion in donations to lift the output of electric car batteries and the minerals used to produce them.
Money will be received from the Bipartisan Infrastructure Law and be sent to 20 firms on projects in 12 states, according to the White House.
Mr. Biden further stated the American Battery Materials Initiative to commit the whole administration to securing a dependable and sustainable supply of critical minerals used for power and EVs.
"Together, these actions will improve America’s energy independence, strengthen national security, support good-paying jobs across battery supply chains and lower costs for working families," the White House announced.
Mr. Biden wanted to make 50 per cent of all new cars vended in the US electric or plug-in hybrid types, and deliver to 500,000 new EV charging stations.
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