The United States Department of Energy has announced $ 45 million in funding to facilitate the development of modern batteries for electric vehicles. We hope that this funding will allow for improved batteries that charge faster, are more efficient and durable, and increase consumer confidence against coverage concerns.

On May 3, 2022, the US Department of Energy (DOE) announced funding of up to $ 45 million to support the internal development of modern batteries for electric vehicles. Through the Agency for Advanced Research Projects of DOE-Energy (ARPA-E), the department is introducing the Low Carbon American Electric Vehicle Program (EVs4ALL). We hope that this will enable the development of cheaper, more convenient, efficient and durable batteries.

Providing electrification of the transport sector

President Biden has ensured that fair electrification of the transport sector is a key consideration during his rule. Biden has included provisions in his bipartisan infrastructure law that support the goal of electric vehicles accounting for 50% of all vehicle sales in the United States in 2030.

“Advanced batteries are at the heart of the electric vehicle industry, and investments to charge them faster and last longer will be crucial to accelerate the deployment of electric cars and trucks,” said the US Secretary of Energy. Jennifer M. Granholm. “The benefits of America’s electrified transportation sector will be felt for generations to come, from directly combating climate change to increasing local jobs and strengthening our overall energy independence.

Solve market problems

The possibility of financing ARPA-E EVs4ALL seeks to overcome widespread market concerns and significantly improve the performance of inland electric vehicles by eliminating key consumer disadvantages.

Faster charging

Although installing charging infrastructure at home is the preferred option for many electric vehicle drivers, many people live in homes that are not equipped with the facilities needed to accommodate a charging port, such as garages or carports. In order to please people without these facilities, modern batteries capable of safe and fast charging are essential. This will reduce the time drivers spend at charging stations to five minutes, while ensuring improved cost savings during each charge.

Increase efficiency

Existing batteries for electric vehicles lose performance when temperatures drop below zero. As many people live in areas with temperatures that regularly reach freezing, it is imperative to develop more efficient batteries that can withstand lower temperatures.

Improving resilience

Addressing coverage concerns among prospective electric vehicle owners is crucial to consumers’ purchases and their overall level of comfort when driving their vehicle for long-distance travel. Battery life is essential to maintain range to allow electric vehicles to travel longer distances between charges and have a better overall life.

Additional battery financing

In addition to announcing the EVs4ALL program, DEO has unveiled $ 3.1 billion in funding to improve the production of modern batteries. This funding is essential to facilitate the development of new commercial facilities that produce materials for batteries, cellular components and batteries, as well as the development of battery recycling facilities.

In addition, DOE has unveiled $ 60 million in funding to support second-life applications for batteries once used to power electric vehicles and new methods for recycling materials back into the battery supply chain.

Both funding opportunities are permitted by President Biden’s bipartisan infrastructure law and aim to strengthen the US internal battery supply chain. We also hope to stimulate the creation of clean energy jobs and support Biden’s goal of electric vehicles accounting for half of all vehicle sales in the United States by 2030.

$45m for advanced batteries for electric vehicles

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