Fed Funding to Increase U.S. Battery Production

In July, the Biden administration announced it would fund $1.7 billion for electric vehicle component production at 11 manufacturing plants across the country. In doing so, the fed made progress toward both ending the nation's dependence on China for batteries and meeting its 2030 goal of making 50 percent of all new U.S....

Fed Funding to Increase U.S. Battery Production
In July, the Biden administration announced it would fund $1.7 billion for electric vehicle component production at 11 manufacturing plants across the country. In doing so, the fed made progress toward both ending the nation's dependence on China for batteries and meeting its 2030 goal of making 50 percent of all new U.S....