White House Announces $3 Billion Plan for Electric Vehicle Battery Production

Video Credit: Wibbitz Top Stories
Published on May 2, 2022 - Duration: 01:31s

White House Announces $3 Billion Plan for Electric Vehicle Battery Production

White House Announces $3 Billion Plan , for Electric Vehicle Battery Production.

White House Announces $3 Billion Plan , for Electric Vehicle Battery Production.

CNBC reports that on May 2, the Biden administration said it will give $3.1 billion to aid in the production of electric vehicle batteries in America.

The funds are part of the $555 billion Bipartisan Infrastructure Law.

NBC News reports that administration officials have cited surging gas prices amid Russia's invasion of Ukraine as a viable reason to begin shifting toward electric vehicles.

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Weโ€™ve seen, even just in recent days, Putin trying to use Russiaโ€™s energy supply as a weapon against other nations.

And that underscores why itโ€™s so important that we in the United States reinvest and re-underwrite our own energy security, Brian Deese, director of the National Economic Council, via statement.

Gina McCarthy, National Climate Advisor, said, "We need a lot of batteries, and we want American workers making those batteries right here in America.".

Gina McCarthy, National Climate Advisor, said, "We need a lot of batteries, and we want American workers making those batteries right here in America.".

Meanwhile, the Department of Energy also said it will put forth another $60 million to help reuse and recycle EV batteries.

Energy Secretary Jennifer Granholm said the measures , โ€œwill give our domestic supply chain the jolt it needs to become more secure and less reliant on other nations.โ€.

Energy Secretary Jennifer Granholm said the measures , โ€œwill give our domestic supply chain the jolt it needs to become more secure and less reliant on other nations.โ€.

NBC News reports President Biden's goal is to have electric vehicles comprise half of American vehicle sales by 2030


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Joe Biden

President of the United States since 2021
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National Economic Council

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