President Biden To Launch Over $3 Billion For US EV Battery Production

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GRA

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IEVS:
President Biden To Launch Over $3 Billion For US EV Battery Production

A lack of batteries means a lack of EVs, and we're already in the midst of a major shortage.

https://insideevs.com/news/583480/biden-3-billion-us-battery-production/


. . . the Biden Administration has announced its efforts to funnel $3.16 billion into EV battery manufacturing in the US. . . .

The Biden Administration announced this week that the ~$3 billion in funding will come in the form of grants to develop and construct battery production facilities on our shores. The money is part of the larger $1 trillion infrastructure plan that passed earlier. . . .

The Administration further emphasized its goal to replace many of the vehicles in the government's fleet with electric vehicles. It went on to state that by 2030, some 50 percent of all new vehicle sales should be electric, suggesting that by 2035, 600,000 federal vehicles will be EVs.
 
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