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According to US President Biden, the development of batteries for electric vehicles would get $2.8 billion in funding from 20 firms across 12 states.

According to US Vice President Joe Biden, the country would get a grant of 2.8 billion dollars to promote the creation of batteries for electric vehicles.

Biden spoke at the White House infrastructure event where Jennifer Granholm was in attendance.

Biden noted that the majority of the batteries used in electric cars are produced in China and that these batteries are the most crucial component of the vehicles of the future.

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Biden added, “I am delighted to announce that we will offer a grant of $2.8 billion to 20 firms in 12 states of the USA for the manufacturing of electric car batteries,” citing the importance of localizing the production of electric vehicle batteries for them.

In his remarks, Biden underlined that they established the goal of 50% of the automobiles on the road to be electric by 2030 with the order he issued last year. He said it would be as simple as going to the gas station.

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