The U.S. Dept. of Energy on May 2 announced $3.1 billion in grants for battery and component production to support building new U.S. facilities, and expanding or retrofitting existing ones. Separately, the administration is also earmarking $60 million toward electric vehicle battery recycling and reuse.
The funds are part of a Biden administration push to achieve energy independence, as well as reach a 2030 goal for electric vehicles to comprise half of all vehicles sold in the country, a complement to other recently announced funding infusions for efforts including increasing U.S. mining and development of critical minerals such as lithium, a crucial EV battery component.