The US Government Awards $2.8-Billion for EV Batteries in 12 States

Automobile Business

The government of the United States, through the US DOE, announced the first set of projects that are funded by the Bipartisan Infrastructure Law of the US President, Joe Biden, to expand domestic production of batteries for electric vehicles (EVs), and for the materials and components that are currently imported from other countries.

A total of 20 companies in 12 states will receive a combined 2.8 billion dollars to build and expand their facilities to extract and process graphite, lithium, and several other battery materials, with manufacturing components, and demonstrating new approaches, including producing components from recycled materials.

This investment will be matched by the receivers to leverage a total of more than 9 billion dollars to boost US production of clean energy technology, and also create job opportunities. The investment will support US president’s goals for electric vehicles to make up 50 percent of all new vehicle sales by 2030, and to transition to a net-zero emissions economy by 2050.

See also  Ingredion Launches Clean Label Texturisers in the US

Jennifer M. Granholm, US secretary of energy, said that this is a remarkable time for producing EV batteries in the United States, as the agenda of Joe Biden and investments supercharge the private industry to ensure their clean energy future is US made.

Sandy

Writing is a medium to express feelings and convey facts. A creative mind never rests in peace and this amazing platform gives me the freedom to write about what I like most.

I’ve been a writer/blogger for the last twelve years and have covered technology-related topics. However, I also have considerable years of experience in writing for various domains – Technology, Beauty, Fashion, Pharmaceutical, human psychology etc. Technology is my forte.

I’ve handled many interesting projects. Writing is my passion. As an author, I’ve learned a lot in my long journey of penning down my thoughts!