REVEALED: Biden tucked $500million bid to build more electric vehicles into the Ukraine aid bill by giving more funds to look for critical battery minerals
Both Biden and Ukrainian leaders had said that the $40 billion emergency aid package was essential for Ukraine's war against Russia
Tucked into that package was half a billion dollars to be allocated under the Defense Production Act to companies obtaining critical battery minerals
That's in addition to the $750 million DOD was authorized to dole out to mining companies when Biden first invoked DPA for critical minerals
Those funds also build on the $7 billion in federal funding from the bipartisan infrastructure bill last year
By Morgan Phillips, Politics Reporter For Dailymail.Com
Published: 11:16 EDT, 3 June 2022 | Updated: 12:54 EDT, 3 June 2022
President Biden has tucked another $500 million to fund production of the minerals used to make batteries for electric cars into the Ukraine aid bill passed by Congress.
Both Biden and Ukrainian leaders had said that the $40 billion emergency aid package was essential for Ukraine's war against Russia. But tucked into that package was not only military aid but half a billion dollars to be allocated under the Defense Production Act to companies obtaining critical battery minerals like nickel, cobalt, lithium and graphite, Bloomberg first noted.
That's in addition to the $750 million the Defense Department (DOD) was authorized to dole out to mining companies in March when Biden first invoked the Defense Production Act for critical minerals.
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https://www.dailymail.co.uk/news/article-10882241/Biden-tucked-500million-bid-build-electric-vehicles-Ukraine-aid-bill.html