Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
US President Donald Trump: I am pleased to announce that India and Pakistan have agreed to a full and immediate ceasefire.
Indian Kashmir police: Five people were killed in the Indian Jammu region in attacks launched by Pakistan this morning.
Pakistani media: Pakistani spy planes arrive in New Delhi.
United States of America: US State Department: Secretary Rubio offered America's assistance in initiating constructive talks aimed at avoiding future conflicts.
United States: US State Department: Rubio continued to urge Pakistan and India to find ways to de-escalate tensions.
United States of America: US State Department: Secretary Marco Rubio spoke with the Pakistani Army Chief of Staff today.
Pakistan Army: Prime Minister Shehbaz Sharif convenes National Command Authority meeting.
Powerful explosions in several India-administered Kashmir areas: AP
Al Mayadeen's correspondent in Pakistan citing Pakistani sources: The Pakistani army targeted more than 20 Indian military sites.
Indian air operations are currently underway in Pakistan: Reuters citing an Indian military source.

Biden admin: $3.16Bln deal for US battery production, supply chains

  • By Al Mayadeen Net
  • Source: Agencies
  • 2 May 2022 23:20
2 Min Read

The Biden Administration has announced a $3.16Bln deal to boost US battery manufacturing and supply chains, in addition to $60 million that will support second-life applications for batteries once used to power electric vehicles.

  • x
  • EVs
    Electric vehicles (Photo: Scott Olson / Getty Images)

The US Department of Energy announced Monday that the Biden administration will be boosting battery- and components-making for electric vehicles (EVs) in the United States and relevant supply chains by approving the funding of $3.16 billion for the project.
 
In a statement, the Energy Department said, "[The] $3.1 billion in funding from President Biden’s Bipartisan Infrastructure Law [is] to make more batteries and components in America, bolster domestic supply chains, create good-paying jobs, and help lower costs for families." 
 
The administration allowed an additional $60 million to be provided to support second-life applications for batteries once they have been used to power electric vehicles, in addition to new processes for recycling the materials back into the battery supply chain. 
 
"Both funding opportunities are key components of the administration’s whole-of-government supply chain strategy to strengthen America’s energy independence to reduce our reliance on competing nations and support the President’s goal to have electric vehicles make up half of all vehicle sales in America by 2030," the statement added. 
 
The United States was preparing to meet the demand as the global lithium-ion battery market is expected to grow fast over the next decade; officials noted selling more than 2.5 million plug-in electric vehicles by March. 

Related News

Trump says India, Pakistan agreed to ceasefire deal

US and China meet to ease trade war tensions

Read more: Electric Cars Will Dominate the Market in 2040
 

Responding to funding for battery-capacity boost, US Energy Secretary Jennifer Granholm said, “Positioning the United States front and center in meeting the growing demand for advanced batteries is how we boost our competitiveness and electrify our transportation system."

According to the Energy Department, Battery costs in the US have decreased more than 90 percent and energy density and performance have increased rapidly since 2008, which paved the way for a transition to zero-emission vehicles.

The Department added that the sustainable domestic sourcing of the critical materials used to make lithium-ion batteries - such as lithium, nickel, cobalt, and graphite - will also contribute to avoiding or mitigating supply chain disruptions and accelerating domestic production.

 

  • United States
  • electric cars
  • US Department of Energy

Most Read

Trump cut off contact with Netanyahu, senior Israeli official says

Trump cut off contact with Netanyahu: Israeli media

  • US & Canada
  • 9 May 2025
Pakistan downs an Indian jet and hits a military base in Kashmir escalation.

Pakistan downs 3 Indian jets, hits military base in Kashmir escalation

  • Politics
  • 7 May 2025
Yemeni missile hits Ben Gurion Airport as interceptors fail

YAF targeted Ben Gurion with hypersonic ballistic missile: Saree

  • MENA
  • 4 May 2025
EU President must face war crimes charges: Albanese

EU President must face war crimes charges: Albanese

  • Europe
  • 4 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
Iranian Leader Ayatollah Ali Khamenei speaks during his meeting with a large group of laborers in Tehran, Iran, Saturday, May 10, 2025 (AP)
Politics

Sayyed Khamenei calls for global stand in support of Gaza

Alternative for Germany, AFD, party co-leader Alice Weidel speaks during a meeting of the German federal parliament, Bundestag, at the Reichstag building in Berlin, Germany, on March 13, 2025. (AP Photo/Ebrahim Noroozi)
Europe

Germany suspends AfD's extremist classification

Will Trump recognize a Palestinian State?: The Media Line
Politics

Will Trump recognize a Palestinian State? - The Media Line

Kremlin spokesman Dmitry Peskov, left, speaks with journalists prior to a signing ceremony after a meeting between Chinese President Xi Jinping and Russian President Vladimir Putin at the Kremlin in Moscow, Russia, Thursday, May 8, 2025 (AP)
Politics

Russia ties ceasefire to halting US, EU arms to Ukraine

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS