It’s a significant day for massive EV investments in the United States. The Biden administration stated earlier today that it would give $2.8 billion to firms creating EV battery materials, and now BMW says it will spend another $1.7 billion in producing electric cars in America. The remaining $700 million will be used to develop a high-voltage battery factory in a neighboring town named Woodruff, while $1 billion will be used to expand its Spartanburg, South Carolina manufacturing plant to make EVs.
