Rough road for EV industry
Green Car Congress
MAY 23, 2022
America’s electric vehicle (EV) industry seems to have hit a rough patch of pavement in recent months. As the price of EV batteries continues to skyrocket , major automakers ranging from Ford and GM to BMW and Volkswagen are shoring up supply chain strategies. In March, the Biden administration invoked the Defense Production Act, making $750 million available to the mining industry for expansion and other improvements in the production of lithium.
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