The United States is continuing to build its domestic EV battery supply chain. The Biden administration has awarded grants worth $2.8 billion for developing electric vehicle (EV) battery manufacturing facilities in the United States.

President Joe Biden has set a goal of electrifying half of all new vehicles sold by 2030. According to the US Department of Energy, the approved projects will eventually supply enough lithium to produce 2 million EVs, enough graphite to produce 1.2 million EVs, and enough nickel to produce 400,000 EVs per year. Albemarle, Talon Metals, and American Battery Technology Co are among the companies that have received funding. Meanwhile, FE Battery Metals Corp. and Sayona Mining Limited are so far working on the electric future with their lithium mining projects.