Since President Biden took office, more than 1.2 million EVs have been sold — more than triple the number of EVs on the road before he took office
Washington, D.C.—The Biden-Harris Administration, through the U.S. Department of Energy (DOE), announced on Wednesday 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 and mitigate battery supply chain disruptions, they stated. The 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.
Projects funded by yesterday’s announcement will lead to second-use scale-up demonstrations that integrate end-of-life EV batteries into secondary applications. This includes stationary energy storage systems and projects that focus on advanced materials separation, scale-up, and reintegration of lithium-ion battery materials. Sustainable end-of-life recycling and reuse will strengthen domestic battery manufacturing and allow the nation to meet the increasing demand for EVs through U.S.-made battery components.