President Biden and the US Department of Energy have issued multiple notices of intent to allocate $2.91 billion in support of EV battery manufacturing as part of the Bipartisan Infrastructure Law. The DOE shared plans to use the funds to further battery materials refining, production plants, and battery cell manufacturing facilities in addition to battery recycling.
The latest news is another movement flush with funding to support clean energy and create US jobs, a major talking point of President Biden during his campaign trail before taking office.
Just yesterday, the US Departments of Transportation and Energy jointly announced nearly $5 billion set aside to support a national electric vehicle charging network under the National Electric Vehicle Infrastructure (NEVI) Formula Program – another program established within President Joe Biden’s Bipartisan Infrastructure Law.
With the latest announcement, the US government has publicly acknowledged a looming threat of lithium-ion battery dependency from China and is designating funds to bring more manufacturing to US soil.