DOE awards $2.8B to battery companies to boost domestic production
TechCrunchNov 24, 2022
The Facts
On Wednesday, the Biden administration announced it's awarding $2.8B in Dept. of Energy (DOE) grants to 20 manufacturing companies in 12 US states to boost domestic electric vehicle (EV) battery production.
Funds will also be used in the White House's (WH) American Battery Material Initiative to develop enough battery-grade lithium, graphite, and nickel, and the first large-scale commercial lithium processing facility.
The Spin
Democratic narrative
Biden promised to enact the greatest climate change legislation in US history, and he's certainly living up to that promise. Not only is the president guiding America toward a renewable future, but he's also creating jobs for Americans that used to be shipped to other countries.
Republican narrative
Don't be fooled; this announcement is a political stunt solely meant to buy Democrat votes before the midterms. While Biden flashes his EV battery grants before your eyes, he wants you to ignore that he's currently releasing millions of barrels of oil in a failed attempt to fight inflation. He doesn't care about the environment or your pocketbook, only power.