Biden Administration Oversaw a More Than 500% Increase in Chinese Lithium Battery Imports Since Taking Office
WASHINGTON, D.C. – Since President Joe Biden took office, imports of Chinese lithium batteries have seen a drastic increase of over 500%. This surge in imports has come after President Biden signed the Inflation Reduction Act into law. The bill was intended to enhance America’s ability to compete with China in the battery industry, a goal that seems to have backfired. The Biden administration’s flagship climate bill included various subsidies to support the transition to …