Last week, the Biden Administration announced plans to allocate more than $2.8 billion to American EV manufacturing.
, to help further develop the necessary battery-grade graphite, lithium, and nickel sourcing and refinement infrastructure that will be needed to support the rapidly expanding demand for the raw materials associated with EV production.
. But China’s battery technology is not more innovative than anyone else’s … in fact, our national labs, our research universities, our automakers led the development of this technology here in America. But by undercutting US manufacturers with their unfair subsidies and trade practices, China seized a significant portion of the market.”
You can read the President’s full remarks on the new grants’ passing over at the official White House PR link, then let us know what you think of this $2.8 billion subsidy — just a fraction of what the US government spends to
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