The Department of Energy (DOE) announced Monday it will invest $192 million dollars aimed at making lithium-ion batteries more recyclable as the Biden administration pushes to make gas cars a thing of the past.
Adding to the $3 billion in EV investments allocated in the bipartisan infrastructure lsw, the new round of funds will specifically be used for “launching an advanced battery research and development (R&D) consortium, and the continuation of the Lithium-Ion Battery Recycling Prize.”
The Lithium-Ion Battery Recycling Prize was launched in 2019 to incentivize and develop the battery’s recycling.
DOE said the research consortium will look to “further develop” America’s battery supply chain, as well as its “recycling capabilities” through grants of up to $60 million to manufacturers.The initiative comes amid increasing concerns over the unintended consequences electric vehicles may have on the environment. According to the Foundation for Economic Education, only about 5% of lithium-ion batteries are recyclable […]
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