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The Biden Administration Announced On Monday That It Would Launch A $3.1 Billion Plan To Promote The Development Of Battery Manufacturing In The United States Electrification Of The Transport Sector Is Essential To Mitigate Human Induced Climate Change. The Transportation Sector Is One Of The Largest Emitters Of Greenhouse Gases In The United States, Accounting For About One-third Of Annual Emissions.
The U.S. Department Of Energy Said The Money Would Support Grants Aimed At Establishing, Realigning Or Expanding The Manufacture Of Batteries And Battery Components, As Well As The Establishment Of Battery Recycling Facilities. These Grants Will Be Provided Through President Biden's $1 Trillion Bipartisan Infrastructure Bill, Including More Than $7 Billion To Support The U.S. Battery Supply Chain.
In April This Year, Biden Launched The Defense Production Act To Encourage The Domestic Production Of Minerals Needed To Manufacture Electric Vehicle Batteries And Long-term Energy Storage In The United States. The Bill Could Help Companies Obtain Federal Funds To Conduct Feasibility Studies On Projects To Extract Materials Such As Lithium, Nickel, Cobalt, Graphite And Manganese For Electric Vehicle Production.
The White House Has Set A Target Of 50% Of Electric Vehicle Sales By 2030, And Is Also Working To Build A National Network Of Electric Vehicle Charging Stations And Provide Tax Incentives For Consumers Who Buy Electric Vehicles. The Government Also Promised To Replace 600000 Federal Cars And Trucks With Electric Drive By 2035.
It Is The Third Largest Market For Electric Vehicles In The World After The United States And Europe. According To Canalys, A Market Research Company, Only 4% Of New Cars Sold In The United States Last Year Were Electric Vehicles.
"Positioning The United States At The Forefront And Center Of Meeting The Growing Demand For Batteries Is Our Way To Improve Our Competitiveness And Electrify Our Transportation System," Jennifer M. Granholm, US Secretary Of Energy, Said In A Statement