WASHINGTON—The White House announced over $3 billion in grants for domestic battery processing, manufacturing, and recycling projects on Friday.
“These investments are also going to help end America’s reliance on critical materials from our economic competitors like China,” Energy Secretary Jennifer Granholm told reporters before the announcement.
According to Granholm, with the cumulative investment from the Biden administration, the United States is on track to supply a quarter of the global lithium and produce half of the world’s battery cells by 2030.
Lael Brainard, director of the National Economic Council under the White House, said the investments would address the vulnerability of depending on China for critical minerals and battery supply chains….