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The Department of Energy (DOE) announced plans to provide nearly $3 billion to a pair of programs designed to spur domestic production of advanced batteries for electric vehicles and energy storage.
One program will spend about $2.8 billion to support new, retrofitted and expanded domestic operations for the production of battery materials and cell components and battery recycling. Another $60 million will go to research and development of second-life sources for EV batteries, according to the two notices of intent.
The funds are part of the more than $7 billion Congress dedicated to improving the domestic battery supply chain in the bipartisan Infrastructure Investment and Jobs Act.
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