The Biden administration on Wednesday awarded $2.8 billion in grants to build and expand domestic manufacturing of batteries for electric vehicles in 12 states. A total of 20 companies will receive grants for projects to extract and process lithium, graphite and other battery materials, manufacture components and strengthen U.S. supply of critical minerals, officials said.
The announcement comes as the administration seeks to boost production and sales of electric vehicles as a key part of President Joe Biden’s strategy to slow climate change and build up U.S. manufacturing. Biden has vowed to boost U.S. production of lithium and other critical minerals, and the sweeping climate and health-care law passed in August includes several provisions to boost electric vehicles, including tax credits for EV buyers worth up to $7,500.
Energy Secretary Jennifer Granholm, who announced the grant competition in May, called the funding announcement “huge” news that would expand made-in-America battery manufacturing for EVs and the electric grid. Projects funded under the grants will “make battery materials and components here at home that we currently import from other countries” such as China, she said.
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