Sen. Lindsey Graham (R-S.C.) speaks to members of the media at the BMW Spartanburg plant in Greer, S.C., on Wednesday. BMW will invest $1 billion in its sprawling factory near Spartanburg to start producing electric vehicles and an additional $700 million to build an electric-battery plant nearby. | AP Photo/Sean Rayford
Significant shifts in the nation’s economy are afoot — if the clean energy effort can get past its growing pains.
President Joe Biden marked one interim step today by announcing $2.8 billion in grants from the bipartisan infrastructure law to boost the U.S. electric vehicle and clean energy industry, from minerals mining to battery manufacturing. The funding is part of more than $135 billion from a trio of recently enacted climate and energy laws that aims to catalyze investment in domestic manufacturing for clean energy and reorganize traditional supply chains.
The initiative faces serious…
