Biden administration rolls out $3 billion electronic vehicle battery program
February 12, 2022 | BPR Wire
Thomas Catenacci, DCNF
The Biden administration will invest nearly $3 billion to fund domestic battery manufacturing projects in the coming months, the Department of Energy announced Friday.
“As electric cars and trucks continue to grow in popularity within the United States and around the world, we must seize the chance to make advanced batteries — the heart of this growing industry — right here at home,” Secretary of Energy Jennifer Granholm said in a statement Friday.
The production of electric vehicle batteries and large-scale industrial battery storage technology has increased in importance over the last year as Biden has outlined a series of EV-related commitments.
“If the United States were to diversify our sources of critical minerals or increase domestic extraction, we would still be reliant on China for processing before use in end-product manufacturing,” the White House admitted in a June supply chain report addressing domestic battery production.
The Biden administration will invest nearly $3 billion to fund domestic battery manufacturing projects in the coming months, the Department of Energy announced Friday.
The federal government issued two notices of intent, outlining plans to provide $2.91 billion for U.S. battery production for both electric vehicles (EV) and industrial storage infrastructure, according to the Energy Department announcement. The agency said the funds would go towards material refining, production plants, battery cell manufacturing facilities and recycling programs related to batteries.
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https://www.bizpacreview.com/2022/02/12/biden-administration-rolls-out-3-billion-electronic-vehicle-battery-program-1200256/
