U.S. awards $2.8 billion for EV battery, grid projects

The supply-chain effort, led by a White House steering committee and coordinated by the Department of Energy with support from the Interior Department, aims to “mobilize the entire government in securing a reliable and sustainable supply of critical minerals used for power, electricity, and electric vehicles,” the White House said.

By 2030, President Joe Biden wants 50 percent of all new vehicles sold to be electric or plug-in hybrid electric models along with 500,000 new EV charging stations. He has not endorsed the phasing-out of new gasoline-powered vehicle sales by 2030.

Legislation Biden signed in August sets new strict battery component and sourcing requirements for $7,500 consumer EV tax credits. A separate $1 trillion infrastructure law signed in November 2021 allocates $7 billion to ensure U.S. manufacturers can access critical minerals and other necessary components to manufacture the batteries.

The White House said in a fact sheet the U.S. and its allies do not produce enough of the critical minerals and materials used in EV batteries.

It said: “China currently controls much of the critical mineral supply chain and the lack of mining, processing, and recycling capacity in the U.S. could hinder electric vehicle development and adoption, leaving the U.S. dependent on unreliable foreign supply chains.”

In March, Biden invoked the Defense Production Act to support the production and processing of minerals and materials used for EV batteries.

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