US awards $2.8B in grants for EV batteries in 12 states

A truck is parked between brine evaporation ponds at Albemarle Corp.'s Silver Peak lithium facility, Thursday, Oct. 6, 2022, in Silver Peak, Nev. The ponds use evaporation to help separate lithium from brine pumped from underground. The Biden administration on Wednesday, Oct. 19, awarded $2.8 billion in grants to build and expand domestic manufacturing of batteries for electric vehicles in 12 states. A total of 20 companies, including Albemarle Corp., will receive grants for projects to extract and process lithium, graphite and other battery materials, manufacture components and strengthen U.S. supply of critical minerals, officials said. (AP Photo/John Locher)

WASHINGTON (AP) — The Biden administration on Wednesday awarded $2.8 billion in grants to boost domestic manufacturing of batteries for electric vehicles in 12 states. A total of 20 companies will receive grants for projects to extract and process lithium, graphite and other battery materials, manufacture components and strengthen U.S. supply of critical minerals, officials said.

The announcement came as the administration seeks to boost production and sales of electric vehicles as a key part of President Joe Biden's strategy to slow climate change and build up U.S. manufacturing. Biden has and the includes several provisions to boost electric vehicles, including tax credits for EV buyers worth up to $7,500.

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