POLITICS: Biden administration awards $2.8 billion in grants for electric vehicle battery manufacturing
KEY POINTS The grants are being allocated through the Department of Energy with funds from the Bipartisan Infrastructure Law to companies in 12 states. The funding will go toward the creation of battery-grade materials including lithium, graphite and nickel. In all, the Bipartisan Infrastructure Law, the CHIPS and Science Act and the Inflation Reduction Act put over $135 billion toward electric vehicle manufacturing. Workers marry the body structure with the battery pack and the front and rear sub frames as they assemble electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitlin O’Hara | Reuters President Joe Biden announced $2.8 billion in grants for 20 companies to produce batteries for electric vehicles in the United States. The grants are being allocated through the Department of Energy with funds from the Bipartisan Infrastructure Law to companies in 12 states. The funding will go toward the creation of battery-grade materials including lith