U.S. Backs $2.3 Billion Lithium Plant to Boost EV Battery Production
- Energy Dept. offers $2.3B loan to Lithium Americas to build lithium plant in Nevada
- Plant would be next to large lithium deposit, aiming to boost domestic production
- Lithium is key mineral needed for electric vehicle batteries
- U.S. currently imports 95% of lithium from just 4 countries
- Plant could produce enough lithium for 800,000 EV batteries per year
