December 8, 2022

Taylor Daily Press

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$ 3.1 billion more than US battery production

The United States will invest more than $ 3.1 billion to support domestic production of advanced batteries for electric vehicles and energy storage. Those efforts should help build the country’s sustainable economy and reduce its dependence on foreign resources. U.S. government officials said.

About $ 3.16 billion will be subsidized to produce key metals for batteries such as lithium, cobalt and nickel, ”said Dave Howell, deputy director of the company’s production and energy supply chains. Department of Energy.

Peace plan

“These subsidies are aimed at reducing US dependence on China – led rivals,” Howell said. “In addition, the decision supports President Joe Biden’s plan to generate half of U.S. auto sales by electric cars by the end of this decade.”

“The move will help boost domestic US battery production, make the country safer and boost higher-paying job creation,” said Mitch Landrieu, a White House infrastructure expert.

“This plan will help combat climate change and the rise in oil and gas prices following the Russian invasion of Ukraine.”

Jennifer Gronholm, US Secretary of Energy, recently spoke about renewable energy The biggest peace project This world knows that.

Funding for the project will come from the Infrastructure Act, which was signed last year, which provided a $ 550 billion budget. Of that, $ 7 billion was earmarked for domestic production of electric batteries.

Mobilization

Currently, lithium, cobalt and other important minerals for batteries are mainly processed in Asia. China alone controls about 80 percent of the global processing and refining of these important minerals.

“Despite strong demand for electric vehicles, supply chain problems threaten to create significant disruptions,” said Chris Nevers, CEO of automaker Rivian.

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“The United States has mineral resources and industrial potential Domestic electric vehicle supply chain But realizing those ambitions will require massive mobilization from the central government. “

Venkat Srinivasan, Director, Joint Center for Energy Saving Science Argon National LaboratoryOn the other hand, he stressed that the United States also has the potential to become a dominant power in energy saving technologies. “Now is a one-time opportunity to use that opportunity,” Srinivasan argued.

Electric vehicles and electric storage are projected to increase demand for lithium-ion batteries in the United States over the next decade. Probably twenty to thirty times Will increase. “To make the most of those opportunities, a secure domestic supply chain is essential,” Srinivasan said.