The rush to the White House is on as automakers, battery makers, and other suppliers have flooded Washington in search of funding. Sound familiar, asking Washington for money has become commonplace today, but this is a little different. Washington has agreed to give out money and lots of it to those who fit the description.
The federal government through the Department of Energy has agreed to give out $2.4 billion in funding to create a battery supply infrastructure in America for future electric and plug-in vehicles. The funding is aimed at providing companies a chance to sort of get a head start.
Source:
allcarselectric.com
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