Automotive

Biden To Invoke Defense Production Act For EV Battery Materials

The president’s order could help companies receive government funding for feasibility studies on projects that extract materials, including lithium, nickel, cobalt, graphite and manganese, for EV production.

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“The President will issue a directive, authorizing the use of the Defense Production Act to secure American production of critical materials to bolster our clean energy economy by reducing our reliance on China and other countries for the minerals and materials that will power our clean energy future,” the White House said in a statement on Thursday.

The Department of Defense will impose the authority using “strong environmental, labor, community, and tribal consultation standards,” the White House said. The administration also said it’s reviewing further uses of the law to “secure safer, cleaner, and more resilient energy for America.”

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