New DOE Funding Supports Growing Electric Vehicle and Energy Storage Demands
The U.S. Department of Energy (DOE) recently announced $3.1 billion in funding from President Biden’s Bipartisan Infrastructure Law to make more batteries and components in America, bolster domestic supply chains, create good-paying jobs, and help lower costs for families. The infrastructure investments will support the creation of new, retrofitted, and expanded commercial facilities as well as manufacturing demonstrations and battery recycling.
DOE is also announcing a separate $60 million to support second-life applications for batteries once used to power electric vehicles (EVs), as well as new processes for recycling materials back into the battery supply chain. Both funding opportunities are key components of the administration’s whole-of-government supply chain strategy to strengthen America’s energy independence to reduce reliance on competing nations and support the goal of having electric vehicles make up half of all vehicles sales in America by 2030.