US to spend more than US$3bil on EV battery manufacturing

The funds will be allocated by the Department of Energy from the $1 trillion infrastructure bill President Joe Biden signed last year.

WASHINGTON: The Biden administration will allocate more than $3 billion in infrastructure funding to finance electric vehicle (EV) battery manufacturing, U.S. officials said on Monday.

The funds will be allocated by the Department of Energy from the $1 trillion infrastructure bill President Joe Biden signed last year.

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