Joe Biden invokes Defense Production Act for EV batteries and clean energy

WASHINGTON, DC - MARCH 08: U.S. President Joe Biden speaks in the Roosevelt Room of the White House March 8, 2022 in Washington, DC. During his remarks, Biden announced a full ban on imports of Russian oil and energy products as an additional step in holding Russia accountable for its invasion of Ukraine. | Photo by Win McNamee/Getty Images The Biden administration plans to use the Defense Production Act (DPA) to ramp up the mining and processing of key minerals used in batteries for renewable energy and electric vehicles. That could include nickel, lithium, cobalt, graphite, and manganese, according to the White House fact sheet. “The President is also reviewing potential further uses of DPA – in addition to minerals and materials, to secure safer, cleaner, and more resilient energy for America,” the fact sheet says. That could include nickel, lithium, cobalt, graphite, and manganese Biden made the announcement as part of a broader set of actions aimed at addressing soaring energy prices. The move is also part of an immediate pivot away from Russian imports since... Continue reading…
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