Por Trevor Hunnicutt
WASHINGTON (Reuters) – The Biden administration will allocate more than $3 billion to make electric vehicle batteries, U.S. officials said on Monday.
The funds will be used by the Department of Energy and are part of the $1 trillion infrastructure project signed by Biden in 2021. Among the initiatives are the processing of minerals for use in large-capacity batteries and their recycling, according to a statement.
Biden wants half of the vehicles sold in the country to be electric by 2030. He hopes the target will boost unionized jobs, thwart Chinese competition and reduce climate-altering carbon emissions.
The government also sees the measures as a step towards guaranteeing energy independence and cutting long-term inflationary pressures exacerbated by the Russian invasion of Ukraine.
“As we face this price increase from Putin on oil and gas, it’s also important to note that electric vehicles will be cheaper in the long run for American families,” said Mitch Landrieu, the White House infrastructure coordinator.
The funding will help establish and modernize battery factories. The infrastructure law also earmarked billions of dollars more for the government to buy electric buses and install electric vehicle chargers. Management has collaborated with manufacturers, including Tesla Chief Executive Elon Musk, General Motors President Mary Barra and Ford President Jim Farley.
The funds will not be used in new domestic mines to produce lithium, nickel, cobalt and other high-demand minerals needed to make these batteries. Some of these projects face local opposition and are tied to the Biden administration’s environmental and legal reviews.
“These features are about the battery supply chain, which includes producing and recycling critical minerals without re-mining or re-mining,” said Gina McCarthy, Biden’s national climate consultant.
(Por Trevor Hunnicutt)