Biden administration announces $3.1 billion for America’s battery shortage

The White House announced $3.16 billion is on the way to help with the battery shortage in America. The money, which will come from funds in the recently enacted Bipartisan Infrastructure Law, was announced by the White House and the Department of Energy on Monday. Officials promise the money will help domestic manufacturers make more batteries in the U.S., iron out supply chain issues for components, and also mitigate some of the environmental impacts from battery manufacturing.
Read more: https://finance.yahoo.com/news/biden-administration-announces-31-billion-for-americas-battery-shortage-170756595.html?source=Snapzu