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Biden to announce nearly $3 billion for US battery production in electric vehicle push
The Hill ^ | 10/19/2022 | BRETT SAMUELS

Posted on 10/19/2022 8:51:00 AM PDT by ChicagoConservative27

President Biden on Wednesday will outline nearly $3 billion in investments to boost domestic battery manufacturing, which officials said will help meet the need for critical supplies as the country ramps up electric vehicle (EV) production.

Biden and Energy Secretary Jennifer Granholm will announce the $2.8 billion worth of grants through the bipartisan infrastructure law passed last year at a White House event. The funding will be spread across 20 different companies for projects in at least 12 states. A senior administration official said the funding will lead to 8,000 new jobs, 5,000 of which are expected to be permanent.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: battery; biden; electric; thiefinchief; vehicle
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To: Orosius

The funding will be spread across 20 different companies who will all make generous contributions to their favorite democrat politicians. Another way they can loot the treasury.


21 posted on 10/19/2022 9:12:37 AM PDT by Texas resident ( Let's Go Brandon)
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To: ChicagoConservative27

We have become China. Central-government economic planning


22 posted on 10/19/2022 9:15:32 AM PDT by PGR88
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To: ChicagoConservative27

Well that should double the price of batteries everywhere.


23 posted on 10/19/2022 9:15:54 AM PDT by blackdog (The head, hands, and heart, serve even further than the purse. )
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To: pnz1
I can't stand this stuff either. And I like both my EV and my ICE pickup. IMHO EV's can have a market share in a free market without gubment help.

That includes making EV batteries locally. The greenies get in the way of mining and processing rare-earths here, then they demand gubment money to "help" make batteries here.

Get the greenies and big gubment out of the way and let the free market decide if EV's are good both in making them and in selling them.

24 posted on 10/19/2022 9:16:32 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: upchuck

1 Billion?

This is the same song and dance Carter did, I was working in transportation then.

Lots and lots of “investments” in solar electricity and nat gas for all our cars. It took about 2 weeks for all that money to dry up once he left office, slightly longer for the industry partners to declare bankruptcy.


25 posted on 10/19/2022 9:17:16 AM PDT by wrench
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To: Allegra

I got an idea JOEY, lets spend the money developing and proving the technology. THEN and only THEN let the CHINESE STEAL IT!!!!

Stupid Diaper Full of Crap!!!! FJB


26 posted on 10/19/2022 9:20:10 AM PDT by OHPatriot (Si vis pacem, para bellum)
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To: ChicagoConservative27

Can you say “SOLYNDRA”?

I knew you could.


27 posted on 10/19/2022 9:20:37 AM PDT by normbal (normbal. somewhere in socialist occupied America ‘tween MD and TN)
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To: ChicagoConservative27

SloJo, why not just burn the bucks you’ve stolen from the
serfs? Easier for frail men and it takes less time.


28 posted on 10/19/2022 9:32:36 AM PDT by V K Lee (Our CONSTITUTION. Written with DIVINE assistance by very wise men. A document unlike any other.)
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To: ChicagoConservative27

$3 Billion? Is that all? He give Ukraine more than that just about every week.


29 posted on 10/19/2022 9:33:27 AM PDT by Repealthe17thAmendment
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To: ChicagoConservative27

throw a few more taxpayers on the bonfire...


30 posted on 10/19/2022 9:34:57 AM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: E. Pluribus Unum

Solyndra II with massive strip mining scars the country over...

This crap isn’t financially feasible without third world slave labor.


31 posted on 10/19/2022 9:36:03 AM PDT by GOPJ (Trump EARNED his money. Democrats steal theirs from taxpayers. It's why they hate Trump.)
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To: ChicagoConservative27

car companies should foot the bill for this outrage and then pass on those costs directly to the car price/buyer and let them pay for it...


32 posted on 10/19/2022 9:37:03 AM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: ChicagoConservative27

Biden is 31 trillion broke, so...


33 posted on 10/19/2022 9:37:44 AM PDT by Vision (Elections are one day. Reject "Chicago" vote harvesting. Election Reform Now. Obama is an evildoer.)
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To: pnz1; Tell It Right

<>Me too, when is this garbage going to stop?<>

When Granholm, Brandon/Hunter, congressmen, senators and the rest of the Deep State stop making money from EV kickbacks and stocks.

I assume John Podesta, who was put in charge of distributing $370 Billion in EV walkin’ around money, will handsomely reward the rat camp-followers.


34 posted on 10/19/2022 9:39:28 AM PDT by Jacquerie (ArticleVBlog.com)
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To: Vendome
Who in the hell is making money on this crap?
Elon Musk. You don't think he got to be the richest man in the world by building and selling poor quality electric cars do you?

Tax payer subsidies on the limited sales, by comparison, of POS cars is what made him rich.

Having the likes of Biden once again "investing" funds from taxpayers for EV infrastructure that can't afford an electric car , also takes that burden/expense away from Musk.

The genius of Musk is the way he milks the system using taxpayers as "investors" with never having to pay back dividends.

It's the ultimate Ponzi/Madoff/pyramid scheme without facing jail time.

35 posted on 10/19/2022 9:40:35 AM PDT by lewislynn (Trump accomplished more in one term than any other President in your lifetime.)
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To: ChicagoConservative27

It would make more sense to invest the $3 billion in new nuclear power plants. But we all know that will never happen as long as democRATS are in power.


36 posted on 10/19/2022 9:40:47 AM PDT by Fresh Wind (Fox News is CNN-Lite.)
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To: GOPJ

Try not to be so selfish. Our politicians should retire multimillionaires with 2or 3 mansions.
After all, isn’t that why we work so hard..so they can live like royalty?


37 posted on 10/19/2022 9:41:06 AM PDT by Leep (Hillary will NEVER be president! 😁)
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To: ChicagoConservative27

>>The investments will allow U.S. manufacturers to process critical minerals like lithium and nickel that are used in battery production, guarding against supply chain disruptions, administration officials said. Those materials are particularly important in the production of electric vehicle batteries, as Biden has called for half of all vehicles to be electric by 2030.

The $140 million per project should just about cover the environmental studies required.


38 posted on 10/19/2022 9:41:11 AM PDT by FarCenter
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To: dsrtsage

A tiny endangered toad is being exploited to stop lithium mining in Nevada.

https://pvtimes.com/news/how-this-rare-nye-county-toad-could-stall-future-mining-operations-109840/


39 posted on 10/19/2022 9:45:50 AM PDT by Fresh Wind (Fox News is CNN-Lite.)
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To: ChicagoConservative27

“A senior administration official said the funding will lead to 8,000 new jobs, 5,000 of which are expected to be permanent.”

How long is “pernanent”? A week? A month?


40 posted on 10/19/2022 9:51:53 AM PDT by lowbridge ("Let’s check with Senator Schumer before we run it" - NY Times)
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