Infrastructure package: Battery production will be expanded: US funds companies with billions

US President Joe Biden wants to subsidize the country’s battery production by the billions. The White House announced on Wednesday that selected companies will receive grants totaling $2.8 billion (€2.9 billion). The money comes from Biden’s massive infrastructure rehabilitation package. The goal is to improve energy independence and competitiveness with the United States and enhance national security.

China’s sovereignty must be broken

In recent years, a White House official said, China has dominated the entire battery supply chain. “China controls nearly all of the global processing capacity as the world transitions from a fossil fuel economy to a clean energy economy,” she warned. One should not trade dependence on Russian oil for dependence on important minerals from China. In addition, minerals are often mined there under poor environmental standards and working conditions.

US President Biden has set himself a goal that half of the new cars sold will be electric by 2030. The White House said that the problem is the growth of electric car sales, but the United States and its allies do not currently produce enough batteries. This is why secure and resilient supply chains are needed in the USA.