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Ford Authority

Biden Admin To Spend $3.1 Billion On Domestic EV Battery Production

Ford has invested heavily in all-electric vehicle development in recent months, as well as EV battery production, both domestic with the under-construction BlueOval City complex, as well as outside of the U.S. in various other countries. But while the vast majority of lithium and other raw materials are mined and semiconductor chips are made in countries other than America, it seems that President Joe Biden wants to avoid the same problem when it comes to making batteries for electric vehicles, as his administration has announced that it will spend $3.16 billion in an effort to boost domestic EV battery production in the coming years.

That funding will come from Biden’s Bipartisan Infrastructure Law, the U.S. Department of Energy (DOE) announced today, and will reportedly support the creation of new, retrofitted, and expanded commercial EV battery production facilities as well as manufacturing demonstrations and battery recycling. The DOE will also be spending an additional $60 million to support second-life applications for batteries that come from EVs to ensure they don’t wind up in a junkyard.

These initiatives – dubbed “Battery Materials Processing and Battery Manufacturing” and “Electric Drive Vehicle Battery Recycling and Second Life Applications” – aim to create a robust domestic battery supply chain by 2030 in part by sourcing the raw materials needed to produce lithium-ion batteries domestically in a sustainable manner, as well as producing and recycling those batteries in America as well.

In recent months, the Biden Administration has also created an EV charging action plan designed to improve infrastructure and ordered federal agencies to stop buying ICE vehicles by 2027 as it aims to vastly expand all-electric vehicle sales in the coming years. However, as Ford Authority reported last month, that plan faces a major challenge stemming from the rising cost of EV batteries brought on by ongoing supply chain issues.

We’ll have more on these initiatives soon, so be sure and subscribe to Ford Authority for non-stop Ford news coverage.

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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Comments

  1. Mary

    What are you going to do when the Republicans take the Presidential election and put the cabosh on EV????

    Reply
  2. Gary B kempf

    That is the problem with American politics…

    Reply
    1. TomB

      Solution – As much as possible, keep the Gov’t OUT of the private sector. Remember RR’s nine most dangerous words … “I’m from the government and I’m here to help”. And, when the Fed provides the Fed rules (Air bags, CAFE standards, etc.).

      Reply
  3. Michael

    More tax payers money given to support the private auto industry. The same in Canada.
    I don’t remember governments giving money to the oil companies to drill for oil, or build gas stations, but they have to pay for EV chargers installed across the country, building battery plants, etc.
    Something has gone terribly wrong in todays world.

    Reply
  4. John Porter

    GREAT FORD THE BRIGHT IDEA COMPANY IS NEAR ALWAYS 2 STEPS PAST THE EVERYONE. LOVE FORD AND THEIR IDEAS. KEEP IT UP. AN RETIRED AND STILL DRIVE MY LAST CAR 1992 MERCURY GRAND MARQUIS. LOVE IT. LOVE THE IDEA U ARE BUILDING A E.V.BATTERY HERE IN BRANTFORD ONT CA.

    Reply
  5. Bill Howland

    I thought Biden was sending over $1 Billion per week to UKRAINE – where the corrupt gov’t sends all the money to their Swiss Bank Accounts…

    Since inflation is getting progressively worse, I would think any of these esoteric programs would be the first to go – like money for battieries.

    Biden also promised cancelling $50,000 of student loans as a campaign promise, but now suddenly has decided that he is not going to do that.

    Reply

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