Administration Announces Funding to Advance Domestic Battery Recycling and Reuse, Strengthen Nation's Battery Supply Chain
The Biden-Harris Administration, through the DOE announced nearly $74 million in funding from President Biden's Bipartisan Infrastructure Law for 10 projects to advance technologies and processes for electric vehicle (EV) battery recycling and reuse. Since President Biden took office, more than 1.2 million EVs have been sold in America--more than triple the number of EVs on the road before he took office--and the rate of EV adoption continues to grow at a rapid pace. With demand for critical battery minerals, such as lithium and graphite, projected to increase by as much as 4,000% in the coming decades, this latest round of funding supports the recycling and reuse segment of the domestic battery supply chain. This will help accelerate battery production in America, mitigate battery supply chain disruptions and create good-paying jobs. Today's announcement builds on $2.8 billion through President Biden's Bipartisan Infrastructure Law for domestic battery processing and component manufacturing and supports President Biden's goal to have electric vehicles make up half of all vehicles sales in America by 2030.