The US is allocating more than $ 3.1 billion to increase the capacity of the EV battery in the US

The Biden administration has said it will spend more than $ 3.1 billion to support domestic production of advanced batteries used in Electric machines and energy storage devices.

About $ 3.16 billion in grants will be allocated for the production of key metals for batteries such as lithium, cobalt and nickel, Dave Howell, chief deputy director of the Department of Energy’s production and supply chain, told reporters Monday. .

The grants are designed to reduce U.S. dependence on competitors led by Chinaa leading manufacturer of lithium-ion batteries, and President Joe Biden’s further plan to make electric cars account for half of all new car sales in the U.S. by 2030.

“This announcement will help boost domestic battery production, make our country safer and expand the creation of well-paid jobs,” said Mitch Landrie, senior adviser and coordinator of White House infrastructure.

The program will also help combat climate change and help counter rising oil and gas prices Russia’s invasion of Ukrainehe said.

The money comes from the $ 550 billion infrastructure bill signed last year, which provides for $ 7 billion on batteries and the creation of a supply chain in the US for their production.