2024-09-20 09:38:02
WASHINGTON (AP) — President Joe Biden’s administration is providing more than $3 billion to U.S. companies to boost domestic production of advanced batteries and other materials for electric vehicles, part of an ongoing U.S. effort to undermine China’s dominance in battery production Part of its global dominance in electric vehicles and other electronics.
The grants will fund a total of 25 projects in 14 states, including battleground states such as Michigan and North Carolina, as well as Ohio, Texas, South Carolina and Louisiana.
The funding announced Friday marks the second round of EV battery financing under the bipartisan infrastructure bill passed in 2021. The total is lower than what the authorities announced in October 2022 and reflects a series of projects that U.S. officials have withdrawn or rejected during sometimes protracted negotiations.
The funding is part of a larger effort by President Biden and Vice President Kamala Harris to boost the production and sales of electric vehicles, a key element of their strategy to curb climate change and strengthen U.S. manufacturing. Companies receiving the funding process lithium, graphite or other battery materials, or make components used in electric vehicle batteries.
“Today’s award brings us closer to the federal government’s goal of building an end-to-end supply chain for batteries and critical minerals in the United States, from mining to processing, manufacturing and recycling, which is critical to undermining China’s dominance in this space. important.
Brainard told reporters on a White House conference call Thursday that the Biden-Harris administration is “committed to producing batteries in the United States that are critical to powering our grid, homes and businesses, and America’s iconic auto industry.” .
Brainard detailed that the awards announced Friday bring total U.S. investment to nearly $35 billion to strengthen supply chains for batteries and critical minerals across the country, citing projects ranging from major lithium mines in Nevada and North Carolina to the U.S. Battery factories in Michigan and Ohio and projects for lithium battery production.
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