President Joe Biden is bringing a new budget for the United States electric vehicle project of the country, aiming to focus on EV battery production for local cars. The project aims to bring more locally-made electric vehicles from the country's manufacturers, helping them with the EV batteries with the latest budget.
The new project would reduce the dependence on the United States for sourcing EV batteries.
President Joe Biden, Administration Brings $3B for EV Battery
The United States Energy Secretary Jennifer Granholm tweeted the announcement of "Made In America's" new project and budget allocation. It is the latest venture of the Biden administration under the President's many goals for the country, and it is the EV battery production that it will focus on, bringing new power cells for the country's manufacturers.
A release by the US Department of Energy announced the "bipartisan law for the boosting of domestic battery manufacturing and supply chains" for the company, allowing as much as $3.1 billion for its development alone. The goal is to bring new electric vehicles for the company, focusing more on the power cells for the future of mobility.
The United States is famous for its many EV startups and companies transitioning to the clean energy setup for their releases.
EV Battery Production in the US under Biden Admin
EV battery production has proved tricky for many companies already, despite their expertise and many years in the industry. Companies like LG and Panasonic face hardships due to the difficulty in sourcing Lithium and other components needed for their production, but a boost to develop new supply chains from the government may help in this issue.
US Electric Vehicle Movement
Many people believe that electric vehicles will help limit climate change, and in turn, it would reduce the massive pollution that humans bring, from solid waste to liquid and air waste that they get. There are reports regarding the significant help that electric vehicles bring to the climate, significantly when limiting a global crisis that the world already suffers from at the present.
In the past, there were many reports regarding the electric vehicles' performance in the country, and some think that it will not progress into a more extensive industry as many people prefer ICEs. However, the recent quarter sales have been a massive surprise for all, as the electric vehicle market showed an enormous profit, with some claiming it was 'record-breaking.'
The investments and sale of EVs in the market have predictions that say it will continue, especially with the rate that it is growing now from within the country. Moreover, the current government supports the growth of the EV market, with many projects under the Biden administration and the "Electrify America" campaign that it aims to deliver.
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Written by Isaiah Richard
