business 🔋 Trump spends billions on EV mineral supply
Despite previous anti-EV stances, Trump unveiled a $3-billion federal investment in critical minerals projects across the US. This move aims to secure domestic supply chains and reduce reliance on China for minerals like lithium and cobalt. Key funding includes a $1.4-billion Pentagon loan to Sila Nanotechnologies for battery materials production. Lithium Americas also secured $435 million from the DOE for its Thacker Pass project in Nevada. This push aligns with Project Vault, a $12 billion initiative to stockpile vital minerals for US industry.