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Re: The Shining City Upon a Hill
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Re: The Shining City Upon a Hill
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Re: The Shining City Upon a Hill
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Re: The Shining City Upon a Hill
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Re: The Shining City Upon a Hill
Biden administration awards $2.8 billion in grants for electric vehicle battery manufacturing
- The grants are being allocated through the Department of Energy with funds from the Bipartisan Infrastructure Law to companies in 12 states.
- The funding will go toward the creation of battery-grade materials including lithium, graphite and nickel.
- In all, the Bipartisan Infrastructure Law, the CHIPS and Science Act and the Inflation Reduction Act put over $135 billion toward electric vehicle manufacturing.
President Joe Biden announced $2.8 billion in grants for 20 companies to produce batteries for electric vehicles in the United States.
The grants are being allocated through the Department of Energy with funds from the Bipartisan Infrastructure Law to companies in 12 states. The funding will go toward the creation of battery-grade materials including lithium, graphite and nickel.
Increasing manufacturing capacity of in the United States has been a priority for the Biden administration. In all, the Bipartisan Infrastructure Law, the CHIPS and Science Act and the Inflation Reduction Act allocated more than $135 billion toward electric vehicle manufacturing. The president has directed the industry to have EVs comprise half of all new vehicles produced in the United States by 2030.
“The Infrastructure Law also invests in people and companies that are going to build our future like electric vehicles and the advanced batteries that are going to power those vehicles,” Biden said. “This is critically important because the future of vehicles is electric, but the battery is a key part of that electric vehicle and right now 75% of that battery manufacturing is done in China.”
Competing with China is a central incentive for the push. China controls nearly half of global production for some of the materials needed to produce these batteries, Biden said.
“China’s battery technology is not more innovative than anyone else’s,” Biden said. “In fact, our national labs, our research universities, our automakers led the development of this technology here in America, but by undercutting US manufacturers with their unfair subsidies and trade practices, China seized a significant part of the market.”
Biden said the United States is experiencing “one of the most significant economic transitions since the Industrial Revolution.”
In addition to the grants, Biden announced the creation of a new American Battery Manufacturing Initiative which will allow for a full government approach to produce batteries for uses ranging from electric vehicles and homes to defense purposes, the White House says. The move will continue the push to increase American competitiveness by creating more batteries and critical battery components in the U.S.
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Re: The Shining City Upon a Hill
President Biden announced the formation of the American Battery Materials Initiative, which the White House has called “a new effort to mobilize the entire government and securing a reliable and sustainable supply of critical minerals used for power, electricity and electric vehicles.”
Wednesday’s announcement comes amid a streak of significant actions by the administration – including those on marijuana and student loans – in the weeks leading up to the November elections. Many of the states getting the newly allocated funding have tight races at the federal and state levels in the coming weeks.
Biden spoke about the grants on Wednesday at the White House, discussing how they will aid American demand for electric vehicles. He also took a jab at the Republicans who opposed the infrastructure bill but are now asking for funding.
“You may have seen the news reports describing Republicans who voted against the infrastructure bill attacking Democrats for passing it because it’s socialist,” Biden said. “Well, now quietly and privately they’re sending me and the administration letters asking for money from the same bill, talking about how important the projects would be for their districts if we just got them the money.”
“I was really surprised to find out there were so many socialists in the Republican caucus,” the President added.
The funding will be spent in Alabama, Georgia, Kentucky, Louisiana, Missouri, Nevada, New York, North Carolina, North Dakota, Ohio, Tennessee and Washington. It is expected to create 8,000 jobs, officials on a call with reporters ahead of the announcement said. The projects are expected to “develop enough lithium to supply over 2 million electric vehicles annually and establish significant domestic production of graphite and nickel,” according to the fact sheet.
Wednesday’s investment marks “the first of several rounds of investment in the battery supply chain,” a senior administration official on the call said.
“The recipients of federal grants to invest and build out the domestic supply chain are required to at least match the federal funding with private sector capital. They’ve more than done that in this case. So the $2.8 billion is being leveraged for a total of a $9 billion investment today,” the official said.
Another senior administration official pressed that the funding will move US away from dependence China for these minerals, suggesting the effort builds more broadly on building supply chains resilient from autocracies.
“Over the last decades, China has cornered the supply chain for batteries from critical mineral mining and processing to cathode anode belt manufacturing for critical minerals. For the critical minerals lithium, cobalt, graphite, nickel and manganese that are crucial to advanced batteries, China controls nearly all global processing capacity,” the official said.
The official continued, “As the world transitions from a fossil fuel to a clean energy-powered economy, we cannot trade dependence on oil from autocrats like (Russian President Vladimir) Putin to dependence on critical minerals from China.”Comment
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Re: The Shining City Upon a Hill
You need to step back and reevaluate what you're saying on here. slim has owned you all day. He's kicked you in the teeth over and over again. Now I understand why you always take the 5th.Adversity temporarily visits a strong man but stays with the weak for a lifetime.Comment
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Re: The Shining City Upon a Hill
Not a problem. I'll be very specific. All you do is lie. Please disprove this and be specific. Thanks in advance.
Health care groups call on premiers to make Canada's collapsing health system their top priority | CMAAdversity temporarily visits a strong man but stays with the weak for a lifetime.Comment
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