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US awards $3 bn for EV battery production
Seeking to counter China, US awards $3 billion for EV battery production in 14 states
The Biden administration is awarding $3 billion to U.S. companies to boost domestic production of advanced batteries and other materials used for electric vehicles, part of a continuing push to reduce China’s global dominance in battery production.
US to award $3 billion to 25 projects for battery manufacturing sector
Albemarle (ALB.N) is set to receive $67 million for a project in North Carolina to produce commercial quantities of anode material for next-generation lithium-ion batteries, while Honeywell (HON.O) is set to receive $126.6 million to build a commercial-scale facility in Louisiana to produce a key electrolyte salt needed for lithium batteries.
U.S. Awards $3 Billion for EV Battery Production to Counter China
The $3 Billion financial grants will fund 25 projects in 14 states, including election battleground states such as Michigan and North Carolina.
1h
Feds announce $355M for 4 electric vehicle battery projects in Michigan
Four projects will receive a combined $355 million in funding from the U.S. Department of Energy, officials announced Friday.
2h
on MSN
U.S. To Supercharge Battery Production With New $3 Billion Push
The Biden-Harris administration today announced an additional $3 billion to boost America's battery production. Government ...
Torque News
2h
Busting a Myth - Hybrid-Electric Vehicles Don’t “Just Run on Fossil Fuels”
We separate fact from fiction about hybrid-electric vehicles and how they are powered. Here’s how hybrid-electric vehicles employ electricity and other forms of energy to drive the vehicle and how ...
5d
The Auto Industry Finally Has a Plan to Stop Electric Vehicle Fires
EVs can burn for days, firefighters have little or no training to deal with them, and conventional equipment isn’t effective.
9h
3 Electric Vehicle (EV) Stocks That Could Go Parabolic
After years of subpar performance, there's now a light at the end of the tunnel for all three companies ... and their stocks.
Torque News
9d
Powering a Battery-Only Vehicle Is 23-Times Slower Than Powering a Hybrid -Why It Matters
We compare and contrast the time per mile to power a hybrid-electric vs. adding electricity to a battery-electric vehicle.
8h
Electric Vehicles And The Shift In Auto Manufacturing: A Rapidly Evolving Landscape
The process of ramping up EV production poses significant challenges, primarily stemming from production and supply chain ...
9h
Michigan getting $355 million for EV battery projects in these communities
The funds are among $3 billion being distributed nationally as the Biden administration seeks to dethrone China as the ...
7h
Thinking of switching to an electric vehicle? Here’s what you need to consider
When shopping for a policy, inquire about cover for things like damage or theft to charging cables, damage to the home ...
Motor Trend
22h
Stop Worrying About EV Battery Failure
Research shows how long electric vehicle batteries last, and how much they degrade.
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