Biden administration making $3 billion investment in lithium ion battery production
Biden administration making $3 billion investment in lithium ion battery production
Monday, May 2, 2022
CNN —
President Joe Biden is building on his electric vehicle goal with a $3 billion investment Monday aimed at boosting the US supply of lithium ion batteries through the bipartisan infrastructure package.
The move is aimed at fighting climate change, but also to make the US more energy independent and secure, officials said, as Russia’s invasion of Ukraine has disrupted global oil markets.
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