Biden might invoke a Cold War-era act to boost domestic EV battery production

President Joe Biden is thinking about invoking the 1950 Defense Production Act (DPA) to boost US production of critical EV battery minerals. The act grants the president emergency powers to alter domestic manufacturing policy in times of crisis. According to sources familiar with the matter and the Intercept, which first reported the draft of the executive order, the White House is considering adding minerals such as lithium, nickel, graphite, cobalt, and manganese to the list of items covered by the act. Passed during the Cold War era, the DPA was first used by president Harry Truman in 1950 to make…This story continues at The Next Web https://thenextweb.com/news/biden-might-invoke-cold-war-era-defense-product-act-boost-ev-battery-production