The Biden administration on Monday announced it will begin a $3.1 billion plan to boost domestic manufacturing of batteries, in a broader effort to shift the country away from gas-powered cars to electric vehicles.
The funding will support grants aimed at building, retooling or expanding manufacturing of batteries and battery components, as well as establishing battery recycling facilities.
The grants will be funded through President Joe Biden’s $1 trillion bipartisan infrastructure law, which includes more than $7 billion to bolster the country’s battery supply chain.