US earmarks more than $3bn to support domestic battery manufacturing

Published on 22 Sep 2024 on Power Technology via Yahoo Finance

US earmarks more than $3bn to support domestic battery manufacturing

The US Department of Energy (DOE) has allocated more than $3bn in funding for 25 projects across 14 states to enhance the nation's battery manufacturing capabilities.

These projects are poised to boost production of battery materials, comply with the US electric vehicle (EV) tax credit rules and reduce reliance on China, reported Reuters.

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