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Benzinga
Benzinga
Politics
Rachit Vats

US To Spend Over $3B For Boosting EV Battery Production, Supply Chains

DOE Joe Biden United States Department of Energy electric vehicle GM NYSE

The U.S. Department of Energy (DOE) said on Monday it would spend more than $3 billion in infrastructure funding to fund electric vehicle (EV) battery making.

What Happened: DOE will allocate the funds from the $1 trillion infrastructure bill that President Joe Biden signed last year. 

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