News

Biden Invokes Defense Production Act for Domestic EV Battery Production

Order Reprints
ev battery.jpg

April 1, 2022—To curb the material shortages needed to produce electric vehicle batteries caused largely by the ongoing conflict in Ukraine, President Biden announced he’ll invoke the Defense Production Act (DPA), report The Hill.

The DPA allows the president to use executive orders to mobilize private companies to produce goods and supplies when the demand for them is great.

The president’s order could grant companies to receive government funding upwards of $750 million under the DPA’s Title III fund for “feasibility studies on projects that extract materials, including lithium, nickel, cobalt, graphite and manganese,” cites The Hill.

Related Articles

Biden Asks Congress for $52B for US Chip Production

Tesla Targets 2023 for Production of $25K EV

You must login or register in order to post a comment.