Biden’s Team Puts Up Over $3 Billion to Boost U.S. Battery Output
- Funding aimed to help process key elements like lithium
- U.S. is seeking to build domestic battery supply chain
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The Biden administration will spend more than $3 billion to support the domestic manufacturing of advanced batteries used in electric vehicles and energy storage, officials said Monday.
About $3.16 billion in grants will be made available to produce key battery metals such as lithium, cobalt and nickel, said Dave Howell, principal deputy director in the Energy Department’s Office of Manufacturing and Energy Supply Chains.