The bill President Biden signed into law recently will greatly expand government loans and loan guarantees for clean energy and automotive projects and businesses.
The loan will help the automaker and its supplier build electric vehicle battery factories in Ohio, Tennessee and Michigan.
The Biden administration is planning a major shift to electric vehicles, but experts say it requires a secure, resilient supply of critical minerals.
The prize: batteries that would be cheaper, faster to charge and less vulnerable to raw material shortages. Whoever gets there first will have a major advantage.
The prize: batteries that would be cheaper, faster to charge and less vulnerable to raw material shortages. Whoever gets there first will have a major advantage.
A swath of recommendations calls for more investments, new supply chains and less reliance on other countries for crucial goods.