Home Electric Vehicle Charged EVs | DOE pronounces $192 million in new funding for EV battery R&D and recycling

Charged EVs | DOE pronounces $192 million in new funding for EV battery R&D and recycling

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Charged EVs | DOE pronounces $192 million in new funding for EV battery R&D and recycling

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The US Division of Power (DOE) has introduced greater than $192 million in extra financing for recycling shopper product batteries, forming a sophisticated battery R&D collaboration and persevering with the 2019 Lithium-Ion Battery Recycling Prize.

The Superior Battery R&D Consortium funding alternative will present as much as $60 million to convene main EV producers, universities, Nationwide Laboratory companions, mineral and materials suppliers and different key battery stakeholders to deal with essential battery wants for the subsequent part of wide-scale EV commercialization.

The Battery Recycling Prize launched in January 2019 has so far awarded $5.5 million for revolutionary options to gathering, sorting, storing and transporting spent and discarded lithium-ion batteries. The DOE is offering $7.4 million to fund a brand new Breakthrough Contest, in addition to Part IV of the Prize.

The funding helps the Biden-Harris Administration’s intention of getting EVs make up half of all automobile gross sales in America by 2030 and builds on President Biden’s roughly $3 billion funds for EV and battery improvements beneath the Bipartisan Infrastructure Legislation. As of April 2023, over 3.6 million EVs have been bought in America and over half of them had been bought since President Biden assumed workplace. Since 2008, battery costs have dropped 90% whereas power density and efficiency have grown.

“Due to President Biden’s Investing in America agenda, these investments in battery manufacturing and recycling will make sure the US has a safe and sustainable home provide chain that strengthens our financial system,” stated Secretary of Power Jennifer M. Granholm. 

Supply: US Division of Power



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