Biden administration tips-in $3b funding to boost lithium-ion batteries

By

Louis Allen

-

May 4, 2022

The Joe Biden-led US Government has announced it’s making an estimated $3.16 billion investment into lithium-ion battery development in the country.
In an effort to be more independent and less reliant on energy from Russia and other competing nations, especially in the current times of disturbed global markets, the Biden administration’s funding will go towards securing the country’s battery supply chain and building capacity.
Infrastructure implementation coordinator and senior Biden adviser Mitch Landrieu told reporters the investment in the production helps make the goal of electrifying all new vehicles achievable.

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