US President Joe Biden has now moved forward with a multi-faceted plan to help Americans amid the current energy crisis. He not only invoked the Defense Production Act to help with EV batteries, but also authorized the release of oil from the US Strategic Petroleum Reserve, which will work to lower gas prices.
Tesla CEO Elon Musk may have rubbed some people the wrong way when he called for an immediate increase in gas and oil production in the US. However, no matter what the administration does related to promoting electric cars and EV batteries, it's going to take time for the transition to roll out.
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