#Biden Jump-Starts Electric-Vehicle Push With Massive #Lithium Loan
WASHINGTON—The Biden administration is providing a shot of energy into America’s flagging electric-vehicle industry.
The Biden administration is offering a $2.26 billion loan to help Lithium Americas Corp. develop a Nevada lithium deposit that’s the country’s largest.
The conditional loan from the US Department of Energy will provide the vast majority of the capital needed to fund the first phase of development, the Vancouver-based company said in a statement Thursday.
Read more at: https://www.wsj.com/business/autos/ev-lithium-mine-nevada-10f84b74
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