HomeInvestment & Trading ›DOE Announces $42 Mn to Develop More Affordable and Efficient Advanced EV Batteries in America

DOE Announces $42 Mn to Develop More Affordable and Efficient Advanced EV Batteries in America

The U.S. Department of Energy (DOE) announced $42 million in funding for 12 projects to strengthen the domestic supply chain for advanced batteries that power electric vehicles (EVs).

January 13, 2023. By News Bureau

The U.S. Department of Energy (DOE) announced $42 million in funding for 12 projects to strengthen the domestic supply chain for advanced batteries that power electric vehicles (EVs).

Projects selected for the Electric Vehicles for American Low-Carbon Living (EVs4ALL) program aim to expand domestic EV adoption by developing batteries that last longer, charge faster, perform efficiently in freezing temperatures and have better overall range retention.

Electrifying the transportation sector is critical to rapidly decarbonizing the American economy and eliminating heavy-emitting industries.

DOE is directly supporting President Biden’s goals to develop advanced technologies in America that will power the clean energy transition globally and for EVs to make up half of all domestic vehicles sales in 2030. 

“Electric vehicle sales in America have tripled since the start of this Administration and by addressing battery efficiency, resiliency and affordability, the projects announced today will make EVs attractive to even more drivers,” said U.S. Secretary of Energy Jennifer M. Granholm. “This is a win-win for our efforts to fight climate change and power America’s clean transportation future with technologies produced by researchers and scientists right here at home.” 
 
The EVs4ALL program is managed by DOE’s Advanced Research Projects Agency-Energy (ARPA-E).

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