Biden to invoke Defense Production Act for electric vehicle battery materials
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President Biden is set to invoke the Defense Production Act (DPA) as early as this week to step up production of minerals used to manufacture electric vehicle batteries, a source familiar the plans confirmed to The Hill.
Biden is set to issue a presidential determination to stoke domestic production of the minerals, which are used for both stationary batteries and vehicles. The person emphasized that the production will not bypass existing permitting or environmental review processes.
The addition of certain minerals, including lithium, cobalt, graphite, nickel and manganese, to the list of items covered under the law could give mining companies access to some $750 million under the DPA’s Title III fund, the person told The Hill.
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