"US Government Allocates $3.5 Billion to Bolster Domestic Battery Production and Combat Climate Change"

The Biden-Harris Administration has announced up to $3.5 billion in funding from the Bipartisan Infrastructure Law to strengthen domestic battery manufacturing in the United States. The investment aims to create new and expanded facilities for battery-grade processed critical minerals, battery precursor materials, battery components, and cell and pack manufacturing. The funding supports the administration's goals of reaching a net-zero emissions economy by 2050, increasing electric vehicle sales, and building a domestic supply chain. The initiative prioritizes creating good-paying union jobs and reducing reliance on foreign entities for critical minerals and battery materials. The Department of Energy is administering the funding and is accepting concept papers until January 9, 2024.