President Joe Biden and Vice President Kamala Harris hope to slow down climate change and build up domestic manufacturing.

The money is part of a larger effort by President Joe Biden and Vice President Kamala Harris to boost production and sales of electric vehicles as a key element of their strategy to slow climate change and build up US manufacturing

Albemarle and Honeywell are among 25 companies set to benefit from federal funding to support America's battery manufacturing capabilities, the Department of Energy announced Friday.

The Biden administration is awarding $3 billion to U.S. companies to boost domestic production of advanced batteries and other materials used for electric vehicles, part of a continuing push to reduce China’s global dominance in battery production.

WASHINGTON (AP) — The Biden administration is awarding over $3 billion to U.S. companies to boost domestic production of advanced batteries and other materials used for electric vehicles, part of a continuing push to reduce China’s global dominance in battery production for EVs and other electronics.