{"id":53310,"date":"2024-11-25T11:29:12","date_gmt":"2024-11-25T11:29:12","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=53310"},"modified":"2024-11-25T11:29:12","modified_gmt":"2024-11-25T11:29:12","slug":"us-announces-70-8m-funding-boost-for-ev-battery-recycling-and-manufacturing-modernisation","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/us-announces-70-8m-funding-boost-for-ev-battery-recycling-and-manufacturing-modernisation\/53310\/","title":{"rendered":"US announces $70.8M funding boost for EV battery recycling and manufacturing modernisation"},"content":{"rendered":"
This funding is designed to drive innovation in EV battery recycling, bolster manufacturing capabilities, and propel the United States closer to its clean energy goals.<\/p>\n
By partnering with state and local governments, the initiative aims to uplift small- and medium-sized manufacturers (SMMs) in sectors such as automotive, smart manufacturing, and battery recycling.<\/p>\n
A substantial $50m from the Inflation Reduction Act (IRA) is being allocated to five states with robust automotive industries.<\/p>\n
These funds will modernise vehicle manufacturing facilities to cater to the surging demand for electric, hybrid, and fuel-cell vehicles.<\/p>\n
Michigan leads the charge, receiving $22.6m, followed by Indiana, Kentucky, Tennessee, and Illinois. These investments will ensure that SMMs in these states can adapt to advanced vehicle supply chains while safeguarding high-quality jobs.<\/p>\n
The grants are part of the DOE\u2019s $2bn Domestic Automotive Manufacturing Conversion Grant program<\/a>, underscoring a commitment to transforming traditional manufacturing hubs into centres of clean energy innovation.<\/p>\n Another critical element of this initiative is the $11.5m allocated to seven state and local governments to enhance EV battery recycling.<\/p>\n This funding, drawn from the Bipartisan Infrastructure Law, will make recycling more accessible for consumers and improve the nation\u2019s waste management and resource recovery systems.<\/p>\n Battery recycling is a key pillar of sustainable EV growth<\/a>. With rising EV adoption, the ability to efficiently recycle lithium, cobalt, and nickel from spent batteries is essential to reducing environmental impact and avoiding supply chain bottlenecks.<\/p>\n Tennessee, Michigan, Nevada, New York, Wisconsin, Iowa, and Indiana will spearhead innovative programs to modernise EV battery recycling infrastructure, setting the stage for a circular economy in the EV sector.<\/p>\n The US transition to a clean transportation future hinges on a reliable, sustainable supply chain for EV components.<\/p>\nExpanding EV battery recycling capabilities<\/h3>\n
Why optimising battery recycling is crucial for America\u2019s clean transport goals<\/h3>\n