White House chief Joe Biden wants electric car share of new car sales to rise to at least 50 percent by the end of this decade. His administration therefore prepared a considerable financial injection to support the production of batteries in electrically powered cars.
Support for electric vehicles
The Biden administration intends to commit $3 billion for infrastructure to boost battery production for electric cars. These are part of an overall package to support the decarbonization of the US economy, which amounts to $1 trillion.
The money is to go towards projects that will address the processing of inputs for the production of large-scale batteries as well as recycling them. The funds will be distributed by the Federal Department of Energy.
Infrastructure package
US President Joe Biden wants to see the share of electric cars in new vehicle sales reach at least 50 percent by the end of this decade. The infrastructure package is also intended to encourage a gradual reduction in reliance on the supply of strategic raw materials from Russia or China. Thousands of new jobs are also set to be created in the context of the decarbonization of the US economy.
