Biden administration approves $2.8 billion for EV battery and mineral production in the US

The US Department of Energy is awarding $2.8 billion in grants from the Bipartisan Infrastructure Law to shore up domestic battery manufacturing and mineral production, the White House announced Wednesday. The Biden administration is also launching a new government-wide initiative to strengthen supply chains to support electric vehicle manufacturing.

It was the latest move by President Biden to support the shift from polluting gas-powered cars to emissions-free electric vehicles, with the goal of making 50 percent of all new cars sold in 2030 electric. And it comes as automakers, mining officials, and environmentalists have sounded a warning about the US supply of key minerals needed to fuel the EV boom.

The DOE grants will go to 20...

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