Automotive
US To Boost Battery Production
Consumers are interested in EVs. OEMs are interested in EVs. The government is interested in EVs. If anybody is hoping this would just disappear, it ain't!
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The Biden Administration has started a $3.1B plan to boost domestic battery manufacturing. Funding will support grants to build, retool, or expand battery and battery component production facilities. The push is part of a $1T bipartisan infrastructure law that includes $7B for battery supply chain improvements.
