Biden-Harris Administration Announces $15.5 Billion to Support a Strong and Just Transition to Electric Vehicles, Retooling Existing Plants, and Rehiring Existing Workers

The U.S. Department of Energy announced a $15.5 billion package of funding and loans to support the transition to electric vehicles, retool existing factories, and expand domestic manufacturing of batteries, emphasizing job retention and promoting equity and environmental justice.

energy.gov

Relevant topic timeline:

8/16/2023

Tracking the EV battery factory construction boom across North America

Main topic: The onshoring of battery manufacturing for EVs in the United States. Key points: 1. The number of battery factories in the US has increased significantly, with about 30 factories either planned, under construction, or operational. 2. The Inflation Reduction Act (IRA) signed by President Joe Biden has incentivized automakers and consumers to produce batteries domestically. 3. Automakers and battery manufacturers have collectively invested close to $100 billion in building domestic cell and module manufacturing, with a capacity of over 1,200 gigawatt-hours before 2030. Hint on Elon Musk: The article mentions Tesla's plans to invest billions in expanding its Gigafactory in Nevada and producing batteries for 1.5 million light-duty vehicles annually.

8/29/2023

Tesla Cofounder’s Redwood Raises Over $1 Billion To Boost EV Battery Materials Business

Redwood Materials has raised over $1 billion in funding to establish production facilities in the U.S. for anodes and cathodes used in electric vehicle batteries, aiming to address the supply chain gap in domestic battery component manufacturing.

8/29/2023

Biden-Harris Administration Announces $300 Million to Speed Up Transmission Permitting Across America as Part of Investing in America Agenda

The U.S. Department of Energy has announced a new grant program worth up to $300 million to support the expansion of electric transmission infrastructure, accelerate the siting and permitting processes, and create jobs in line with President Biden's climate and clean energy goals.

8/31/2023

US offers $12 bln for automakers, suppliers for advanced vehicles

The Biden administration is providing $12 billion in grants and loans to incentivize automakers and suppliers to retrofit their plants for the production of electric and advanced vehicles.

8/31/2023

Hyundai’s EV plant, Georgia’s biggest jobs deal, is getting bigger

Hyundai Motor Group and LG Energy Solution are planning to invest an additional $2 billion into their electric vehicle and battery manufacturing plant in Georgia, increasing the total investment to nearly $7.6 billion and creating 400 more jobs. The investment will support the production of 300,000 electric vehicles annually and enhance battery technology for greater range and lower weight.

9/4/2023

Biden faces increasing pressure to deliver ‘win-win’ EV transition amid union talks

The Biden administration faces pressure to deliver on its promise of better wages and benefits for workers at electric vehicle facilities as negotiations between the United Auto Workers union and major US automakers continue, with the announcement of up to $12 billion in loans from the Department of Energy to retrofit existing manufacturing facilities for EV production and create high-paying union jobs.

9/8/2023

Chinese Battery Maker Gotion to Build $2B Illinois Gigafactory, Creating Thousands of Jobs

Global EV battery developer Gotion High-Tech is investing $2 billion to build a new gigafactory in Illinois, making it the largest EV battery investment in the state's history, with the plant expected to produce 10 GWh of lithium-ion packs and 40 GWh of li-ion cells.

9/13/2023

Biden Administration Invests $100M to Fix Broken EV Chargers, Boost Reliable Charging Network

The Biden-Harris Administration is allocating $100 million in federal funding to repair and replace nonoperational EV chargers in the US, aiming to accelerate EV adoption and create new jobs in the industry, while also strengthening the country's electrical grid in preparation for the shift towards electrification.

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Posted 8/31/2023, 4:06:25 PM

Biden-Harris Administration Announces $15.5 Billion to Support a Strong and Just Transition to Electric Vehicles, Retooling Existing Plants, and Rehiring Existing Workers

energy.gov

Relevant topic timeline:

8/16/2023

Tracking the EV battery factory construction boom across North America

8/29/2023

Tesla Cofounder’s Redwood Raises Over $1 Billion To Boost EV Battery Materials Business

8/29/2023

Biden-Harris Administration Announces $300 Million to Speed Up Transmission Permitting Across America as Part of Investing in America Agenda

8/31/2023

US offers $12 bln for automakers, suppliers for advanced vehicles

The Biden administration is providing $12 billion in grants and loans to incentivize automakers and suppliers to retrofit their plants for the production of electric and advanced vehicles.

8/31/2023

Hyundai’s EV plant, Georgia’s biggest jobs deal, is getting bigger

9/4/2023

Biden faces increasing pressure to deliver ‘win-win’ EV transition amid union talks

9/8/2023

Chinese Battery Maker Gotion to Build $2B Illinois Gigafactory, Creating Thousands of Jobs

9/13/2023

Biden Administration Invests $100M to Fix Broken EV Chargers, Boost Reliable Charging Network