The US continues to invest in domestic battery supply chain

Oct 2022

The Biden administration has announced it will award USD2.8 billion in funding to bolster domestic production of EV batteries and strengthen critical mineral supply chains. The grants will be allocated through the Department of Energy to 20 recipient companies across 12 states, with funding being provided by the Bipartisan Infrastructure Law. The US government has set out an ambitious target of 50% of all new vehicles produced in the US by 2030 are to be electric, which if successful will require a major ramp up of domestic battery supply chains. In support of this goal, the Bipartisan Infrastructure Law, the CHIPS and Science Act and the Inflation Reduction Act have directed over USD135 billion towards EV manufacturing. The selected recipient projects of the most recent wave of funding will support key phases in the battery supply chain, including…




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