DOE Commits Up to $45M for EV Battery Development
May 6, 2022—The U.S. Energy Department on Tuesday announced it would make up to $45 million available to bolster domestic production of EV batteries.
According to a news release, the department is launching its EVs4ALL program, which seeks to improve charging speeds, efficacy and range in current EV batteries.
“Advanced batteries are the heartbeat of the electric vehicle industry and investments to make them charge faster and last longer will be critical to accelerate the deployment of electric cars and trucks,” Energy Secretary Jennifer M. Granholm said. “The benefits of an electrified transportation sector in America will be felt for generations to come — from directly combatting climate change to growing domestic manufacturing jobs and strengthening our overall energy independence.”
The department will review applications on a case-by-case basis. The release did not provide any information as to how much funding would be made available for each individual applicant.