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April 2, 2022 04:34 pm

US President Invokes Emergency Authority Prioritizing Pursuit of EV Battery Minerals

U.S. president Joe Biden "will invoke the Defense Production Act to encourage domestic production of minerals required to make batteries for electric vehicles and long-term energy storage," reports CNBC. "It will also help the U.S. minimize dependence on foreign supply chains."The president's order could help companies receive government funding for feasibility studies on projects that extract materials, including lithium, nickel, cobalt, graphite and manganese, for EV production. The Defense Production Act, established by President Harry Truman during the Cold War, allows the president to use emergency authority to prioritize the development of specific materials for national production.... The administration also said it's reviewing further uses of the law to "secure safer, cleaner, and more resilient energy for America." The transportation sector is one of the largest contributors to U.S. greenhouse gas emissions, representing about one-third of emissions every year. The transition away from gas vehicles to EVs is considered critical to combating human-caused climate change.... The administration in February unveiled a plan to allocate $5 billion to states to fund EV chargers over five years as part of the bipartisan infrastructure package. The White House said in a statement the move would reduce America's reliance on China and other countries "for the minerals and materials that will power our clean energy future."

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