Funding will come from Biden's bipartisan infrastructure law in an effort to make greater progress towards the White House goal of 50 percent electric vehicle sales by 2030.
Ohio-based EV startup Lordstown Motors receives a $400 million investment, Minnesota becomes the first Midwestern state to implement "Clean Car" rules, and Ford announces plans for $100 million battery research facility in Romulus, Mich.
There's a correlation between the shrinking cost of battery EV technology and the adoption of electric vehicles among drivers. See how battery tech is advancing to lower cost and increase longevity.
The automaker plans to launch 10 new electric passenger vehicles by 2022. Mercedes-Benz hopes that EVs will comprise between 15 and 25 percent of its total vehicle sales by 2025.
