Energypolitics News

"US Energy Department Grants $2.3 Billion Loan to Boost Nevada Lithium Production"

The Energy Department is offering a $2.3 billion loan to Lithium Americas to boost domestic lithium production for electric vehicle batteries. The loan would fund the construction of a lithium carbonate processing plant at Thacker Pass in Nevada, which contains the largest known lithium deposit in North America. This move aims to strengthen the domestic supply chain for critical minerals and support the Biden administration's goal of reaching net zero emissions by 2050 through the broader adoption of electric vehicles.