The US battery supply chain is weak.
The US Department of Energy is awarding $2.8 billion in grants from the Bipartisan Infrastructure Law to shore up domestic battery manufacturing and mineral production,
. The Biden administration is also launching a new government-wide initiative to strengthen supply chains to support electric vehicle manufacturing.to support the shift from polluting gas-powered cars to emissions-free electric vehicles, with the goal of making 50 percent of all new cars sold in 2030 electric. And it comes as automakers, mining officials, and environmentalists have sounded a warning about the US supply of key minerals needed to fuel the EV boom.
The DOE grants will go to 20 manufacturing and processing companies for projects across 12 states. According to the White House, these projects will support the production of enough lithium, graphite, and nickel to supply millions of new electric vehicle batteries annually.In addition, the money will be used to fund the construction of the first large-scale, commercial lithium electrolyte salt production facility in the US.
The White House is also launching an effort, dubbed the American Battery Material Initiative, “to mobilize the entire government in securing a reliable and sustainable supply of critical minerals used for power, electricity, and electric vehicles.” The renewed effort will be crucial to shore up EV production in the US, which is still in its very early stages of development. The Inflation Reduction Act, the Democrats’ new tax and climate bill, devotes nearly $400 billion to clean energy initiatives over the next decade, including
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Biden awards $2.8 billion to boost US minerals output for EV batteriesThe Biden administration will announce on Wednesday it is awarding $2.8 billion in grants for projects to boost US manufacturing of electric vehicle batteries and domestic mineral production.
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Biden admin awards $2.8 billion to ramp up US EV battery production | EngadgetThe Department of Energy is awarding $2.8 billion in grants to 20 companies across the US that will promote the production of materials to make EV batteries domestically, the Biden administration announced today..
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US awards $2.8B in grants for EV batteries in 12 statesThe Biden administration on Wednesday awarded $2.8 billion in grants to build and expand domestic manufacturing of batteries for electric vehicles in 12 states.
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US awards $2.8B in grants for EV batteries in 12 statesThe Biden administration on Wednesday awarded $2.8 billion in grants to build and expand domestic manufacturing of batteries for electric vehicles in 12 states.
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Lancaster company receives $75M in federal funds for lithium-ion battery recycling factoryOhio is one of a dozen states getting a chunk of $2.8 billion in federal grant money to make electric vehicle batteries.The Biden administationOHIO IS ONE OF
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