Presient JoeBiden rolls out nearly $3 billion in new electric vehicle grants ahead of election
Biden previously announced his goal of transitioning the U.S. fleet to 50% electric by 2030 and has previously moved to force the federal government to transition the federal fleet ahead of that schedule.This tranche of funds, allocated by the Bipartisan Infrastructure Law, will be awarded to 20 battery manufacturing and processing plants in 12 different states: Alabama, Georgia, Kentucky, Louisiana, Missouri, Nevada, New York, North Carolina, North Dakota, Ohio, Tennessee, and Washington.
Furthermore, Biden announced the American Battery Materials Initiative, which senior administration officials say will"mobilize the entire government in securing a reliable and sustainable supply of critical minerals used for power, electricity, and electric vehicles.
The president's announcement comes 20 days out from when voters will cast ballots in the midterm elections. He is scheduled to deliver remarks on the grants and his economic proposals Wednesday afternoon at the White House.
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