Biden to Invoke Defense Production Act to Boost EV Mineral Production
President Biden gets serious when it comes to bringing large-scale electric vehicle production to the US.US President Joe Biden is set invoke the use of Title III of the Korean War-era Defense Production Act to ramp up US production of minerals for electric vehicles and utility-grade energy storage batteries as the latest salvo in the ongoing economic battle with Russia.
and fossil fuels and undermine Vladimir Putin’s ability to wage an ongoing war in Ukraine, where the Russian military has already faced heavier-than-expected losses against Ukrainian guerillas.The FEMA website explains the Defense Production Act [of 1950] as, “the primary source of Presidential authorities to expedite and expand the supply of materials and services from the US industrial base needed to promote the national defense.
Title III, ‘Expansion of Productive Capacity and Supply,’ also provides for, “various financial measures, such as loans, loan guarantees, purchases, and purchase commitments, to improve, expand, and maintain domestic production capabilities needed to support national defense and homeland security procurement requirements.”
All of this goes back to the sweeping war powers granted to President Truman during World War II, which saw car companies converted to making airplanes, bombers, Jeeps , and even tanks. History.com has a great summary of the passing of the Defense Production Act here, with even more great WWII-era photos like the one above., but t TL;DR version is that the government is allowed to force private companies to prioritize certain Federal contracts, especially those pertaining to ‘national defense.
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