What does Biden’s promise to electrify the US government fleet mean for battery and raw material demand?

US President Joe Biden has announced his intention to replace the US government’s federal fleet with “clean electric vehicles (EV) made right in in America, by American workers,” with promises of a million jobs across the auto supply chain.

Details and timelines of Biden’s federal EV transition remain unclear but with a government fleet of 645,000 vehicles, according to 2019 data from the Federal Fleet Report, it would represent a significant upsurge in US cell demand.

Benchmark’s analysis – based on the assumption that the full US government fleet converted to 100% battery electric vehicles – shows it . . .

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