US President kicks off a $3.1 billion electric vehicle battery production plan

This is part of a larger effort to move America from gas cars to electric cars. Electrification of the transport sector is crucial in mitigating anthropogenic climate change. It is one of the largest contributors to the greenhouse effect in the United States, accounting for nearly a third of emissions each year.

According to the US Department of Energy, the grant will provide financial support for the construction, retooling or expansion of battery and battery components production, as well as the establishment of a battery recycling facility. It was delivered through President Biden’s $1 trillion bipartisan Infrastructure Law, which includes more than $7 billion to strengthen the domestic battery supply chain.

In April, Mr. Biden invoked the Defense Production Act to encourage the production of minerals needed in electric vehicle batteries and long-term energy storage. The act will help companies receive federal funding for feasibility studies on projects to extract materials for electric vehicle batteries such as lithium, nickel, cobalt, graphite and manganese.

White House National Climate Advisor Gina McCarthy insists “made in America” ​​batteries will help reduce emissions and create new opportunities around the country. The White House has set a target that 50% of cars sold by 2030 will be electric. The government is looking to build a nationwide network of electric vehicle charging stations and provide tax incentives for electric vehicle buyers. In addition, the White House is committed to replacing its fleet of 600,000 cars and trucks with electric vehicles by 2035.

The US is the world’s third-largest electric vehicle market, after China and Europe. However, in 2021, only 4% of new cars sold will be electric, according to research firm Canalys. “Putting America front and center to meet the growing demand for modern batteries is how we promote competition and electrify transportation,” said US Secretary of Energy Jennifer M. Granholm. said on 2/5.

According to Du Lam