United States: $62M for battery recycling
The US Department of Energy announces a $62 million investment in battery recycling, essential for the domestic supply chain.
| Sector | Stockage énergie, Mobilité |
|---|---|
| Theme | Investissements & Transactions, Développement de projets, Financement |
On March 28, the US Department of Energy (DOE) announced a $62 million investment in battery recycling in the USA. It is designed to meet the growing demand for battery recycling, as electric vehicles continue to increase their share of vehicle sales. The decision comes just days after China lodged a complaint with the WTO about US subsidies for electric vehicles. This investment in battery recycling, reprocessing and collection is an “essential part” of the Biden administration’s $1 trillion infrastructure legislation, the statement said. The Infrastructure Act has earmarked $7 billion for the domestic battery supply chain.
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