U.S. Awards $3-B For EV Battery Production In 14 States

The Biden administration announced more than $3 billion in grants to US companies to increase domestic production of advanced batteries and materials for electric vehicles (EVs).

This move is part of a larger effort to reduce China’s dominance in the global battery production market.

This move is part of a larger effort to reduce China’s dominance in the global battery production market, Matthew Daly reported for the Associated Press (AP).

The grants will fund 25 projects across 14 states, including battleground states such as Michigan, North Carolina, Ohio, Texas, South Carolina, and Louisiana. These funds mark the second round of EV battery funding under the bipartisan infrastructure law passed in 2021.

The first round allocated $1.8 billion for 14 ongoing projects. However, the total funding is lower than originally announced in 2022 due to some projects being withdrawn or rejected after lengthy negotiations.

This funding is part of the Biden administration’s broader strategy to promote the production and sales of electric vehicles to combat climate change and strengthen US manufacturing. Companies receiving the grants will process lithium, graphite, and other materials used in EV batteries or manufacture battery components.