The Biden administration plans to use the Cold War-era Defense Production Act to ramp up mining and processing for materials integral to batteries and renewable energy, like lithium, graphite, nickel, manganese and cobalt.
India will not be able to meet its aim of becoming a global leader in battery manufacturing unless it establishes a value chain that embraces recycling.
Four winners have been selected to receive financial incentives from India’s government, to support plans to build 50GWh annual manufacturing capacity of advanced batteries for EVs and ESS.
China’s share of the lithium-ion battery cell production capacity market is set to fall from 75% in 2020 to 66% in 2030, according to Clean Energy Associates in a new report.