Trump Is Spending Billions On The Minerals That Power EVs | HappeningNow.news

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Trump Is Spending Billions On The Minerals That Power EVs

For years, U.S. President Donald Trump has openly displayed his disdain for the clean energy and electric vehicle sectors.

Source AI Summary Published August 14, 2026 Brief Under 1 min brief
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AI Summary

President Donald Trump announced a $3 billion federal investment in multiple critical‑minerals projects across the United States during a State Department industry roundtable. The funding aims to expand domestic production, enhance technological sovereignty and reduce reliance on Chinese battery supply chains. This initiative follows earlier actions that rolled back electric‑vehicle tax credits and stalled EV‑charging infrastructure funding. While intended to secure the minerals needed for EV batteries, the move could unintentionally benefit the broader clean‑energy sector.

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