Even though the president has been working to increase domestic battery manufacturing in regard to electric vehicles, some of the raw materials needed for the project can only be found internationally, and China has control over much of that supply
President Joe Biden’s (D) administration is loaning Ford and its battery manufacturing partner billions of dollars to help build three electric vehicle (EV) battery plants as officials discuss Thursday how the president’s green energy agenda is hurting Americans.
The U.S. Department of Energy is loaning Ford and its partner $9.2 billion to construct EV plants in Tennessee and Kentucky, the Washington Examiner reported Thursday. ---More...
Read next: EV Fiasco: Ford Lost $5.1 Billion on Electric Vehicles in 2024
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