| Biden-Harris Administration Announces Nearly $45 Million to Slash Electric Vehicle Battery Recycling Costs | |  As part of the Biden-Harris Administration's historic Investing in America agenda, the U.S. Department of Energy (DOE) today announced $44.8 million in funding from the Bipartisan Infrastructure Law (BIL) for eight projects that will lower costs of recycling electric drive vehicle batteries and electric drive vehicle battery components, with the long-term aim of lowering vehicle costs. Under President Biden and Vice President Harris' leadership, more than four million electric vehicles (EVs) have been sold in America—more than double the number bought in all previous years combined. The demand for EVs and stationary storage is projected to increase the size of the lithium battery market five-to ten-fold by the end of the decade, making U.S investments to accelerate the development of a resilient domestic supply chain for high-capacity batteries essential. The projects selected by DOE's Vehicle Technologies Office will advance research, development, and demonstration of recycling and second-life applications for batteries once used to power EVs. This announcement builds on $92 million in previously announced projects to advance EV battery recycling and expand equitable deployment, supporting President Biden's goal to have EVs make up half of all vehicle sales in America by 2030. "The United States is securing a resilient domestic battery supply chain, thanks to the Biden-Harris Administration's historic investments in innovation and battery recycling efforts," said U.S. Secretary of Energy Jennifer M. Granholm. "Finding new life for used batteries will significantly reduce pollution and our reliance on other nations, while lowering costs and supporting the clean energy transition." | | | | |
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