U.S. Department of Energy (DOE)’s Post

As national debt grows to levels never imagined, EV demand by consumers remain tepid at best, the Federal response is to throw more cash at favored companies to underwrite the end of combustion engine use that 94% of Americans today still prefer and rely on.

Bolstering American battery manufacturing and strengthening the domestic supply chain around electric vehicles is essential for economic growth, national security, and ensuring that the U.S. remains at the forefront of the global transition to cleaner energy and transportation solutions. This #ev transition is critical for the US for several reasons: 1. Economic Security: Having a strong domestic battery manufacturing sector will lead to increased economic growth, job creation, and a more self-reliant nation. Without a strong domestic supply chain, the U.S. could be heavily reliant on foreign sources for key materials and technologies, making it susceptible to external economic pressures and supply chain disruptions. No doubt about it: Batteries are the new oil! 2. National Security Concerns: Depending on foreign sources for critical components is a national security risk. When geopolitical tensions rise or trade disputes occur, it could disrupt the availability of these crucial components. By fostering a strong domestic supply chain, the U.S. can safeguard against such vulnerabilities. 3. Trade Balance: Reducing dependence on imported batteries and related components can improve the U.S. trade balance, as the country can potentially export high-quality batteries and technology. 4. Innovation & Technological Leadership: Investing in domestic battery manufacturing can accelerate R&D, such as StoreDot new lab facility in Irvine, CA. By having a robust domestic industry, the U.S. can ensure it remains at the forefront of battery technology innovations, which will be essential as the world shifts towards more sustainable energy solutions. 5. Environmental Concerns: Electric vehicles are considered a key component in the transition to a more sustainable transportation system that emits fewer greenhouse gases. To make this transition successful, a reliable and efficient battery supply chain is essential. 6, Competitiveness: Other countries, notably China, have heavily invested in their battery manufacturing industries. To maintain a competitive edge in the global EV market, the U.S. needs to invest in its own capabilities. 7. Resilience against Supply Chain Disruptions: Events such as the COVID-19 pandemic have showcased the fragility of global supply chains. Having a domestic supply chain for critical components like batteries ensures that the U.S. can continue its EV production even during global disruptions. 8. Control over Standards and Practices: Domestically produced batteries can adhere to strict safety, environmental and labor standards. Relying on foreign sources can sometimes mean supporting industries with lesser standards. So, it is clear why the Biden administration is allocating this significant funding for our industry.

The amazingly rapid rise of EV and decline of combustion engines #mercedes #ev #vw #china #electrical #electriccar #electrifyeverything #germany #autoindustry #engineering https://lnkd.in/g36T-8Gd

Marc Machlin, Partner at Troutman Pepper, recently discussed the challenges facing the U.S. electric vehicles sector with George Weykamp at Automotive News, delving into some of the content contained within our report: Driving Change: Scaling up EVs in the U.S. In response to whether state governments can provide stricter guidance than federal regulations, but lack the power to ease federal guidance, Marc commented: “It would be better in this sphere for states not to strike out too much on an individual basis, knowing the immense amount of investment required to build these factories and to support the electric vehicles.” Additionally, Partner Andrea Wortzel was quoted in the article, discussing the inconsistencies in state regulations that dictate battery plant production, manufacturing, and recycling programs.    Read the full article here: https://lnkd.in/e-D-cdzm   To download the full report click below. #EVs #ElectricVehicles #CleanEnergy #AutomotiveIndustry

The government is continuing to attract new investments across the electric vehicle and battery supply chain and the wider manufacturing sector. Learn how #ONBudget2024 is supporting economic growth in Ontario: ontario.ca/budget

The government is continuing to attract new investments across the electric vehicle and battery supply chain and the wider manufacturing sector. Learn how #ONBudget2024 is supporting economic growth in Ontario: ontario.ca/budget

As the deadline for concept papers approaches (due by October 2, 2023), and the full application deadline is set for December 7, 2023, BCE Solutions is here to provide the support you need to make your application a resounding success. Here's how BCE Solutions can assist you in crafting compelling concept papers and full applications: Strategic Guidance: We can help you outline a strategic plan that aligns with the DOE's goals and objectives, ensuring your concept paper stands out. Idea Refinement: If you have a concept in mind, we'll work with you to refine and strengthen your proposal, ensuring it's well-articulated and addresses key criteria. Industry Insights: Our team can provide valuable industry insights, helping you navigate the complexities of automotive manufacturing conversion projects and battery manufacturing. Data and Analysis: We excel in data analysis, which is crucial for demonstrating the economic impacts of your project. We can assist in gathering and presenting data effectively. Partnerships: Leveraging our extensive network, we can help you establish partnerships that can enhance your project's credibility and potential for success. Technology Integration: If your project involves advanced technologies, we can guide you on their integration, ensuring they align with the DOE's objectives. Sustainability Focus: If your project aligns with sustainability and environmental goals, we can help you emphasize these aspects effectively. Application Preparation: When it's time to prepare the full application, our team can assist in ensuring all necessary documentation is in order and that your proposal is comprehensive and compelling. Don't miss this opportunity to bring your innovative ideas to life and contribute to a cleaner, more sustainable future. BCE Solutions is your trusted partner in this endeavor, ready to provide the support and expertise you need. Connect with us today to discuss how we can collaborate on your concept papers and full applications. Together, we can make a difference! #seetheopportunityineverydifficulty #GrantApplications #StrategicInitiatives #BCEsolutions #CleanEnergy #EVs #InvestingInAmerica

Sourcing-related emissions (Scope 3, Category 1) is typically about 50% of firm-level emissions. Careful analysis of tradeoffs and alternatives is required to meet Scope 3 goals. Geopolitics, particularly industrial policy, will shape technology development, availability and cost for global companies. The Onyx framework considers multiple lenses to manage trade-offs with a forward-looking view. Download our analysis to understand more: https://lnkd.in/g9w4fzw2 #esg #scope3 #scope3emissions

Check out this article on why it's critical for the Dept. of Treasury to revise the Clean Hydrogen Production tax credit guidance to ensure the U.S. is the leader in the global clean hydrogen economy.

A brief (unlocked) video on the China EV challenge. This doesn't get into the weeds of strategic industrial policy and Chinese subsidies to dominate the entire EV supply chain, but rather provides a glimpse of the challenge. Although I support Biden's tariffs as a preemptive effort to prevent flooding the U.S. with Chinese EVs, I also recognize and acknowledge that the U.S. industrial policy is insufficient, and substantially self-destructive. What Biden's admin doesn't seem to understand is that much like the EU 15-20 years ago, and to some extent the U.S. in the 1970s, policies that attempt to protect American industry and workers also make the U.S. less competitive. For example, borrowing and spending over $10 trillion during the past two admins triggered an inflation spike that doubled some consumer products and housing costs in many areas of the country, resulting in a spike in labor costs but most workers are still falling behind. This dynamic of a government cat chasing its tail is not new -- it's been attempted by politicians in dozens of countries in my lifetime and never works. Bottom line is you can't spend your way out of debt, and inflating your way out of debt causes many problems, not least deteriorating competitiveness and quality of life for citizens. That's particularly true with government spending or for that matter private sector spending with excessive capital in dysfunctional markets. Misallocation of massive amounts of capital is one of the biggest problems in the U.S. -- from big tech to big government to consumer debt. I don't know Biden personally, but it seems he actually believes governments can spend its way out of debt. It's a false ideology that borders on a religion believing in big government. He doesn't seem to understand the complexity involved in economics or how to help make America be more competitive beyond borrowing and spending. It actually just digs a deeper hole to work out of. It's going to take a lot more than protectionism and subsidies for the U.S. to become competitive and sustainable. I don't see it happening in the next admin as both candidates are big borrowers and spenders. The 2028 admin will then be faced with a very difficult task, and perhaps a debt crisis at a scale never before experienced in the U.S. The only way to avoid it is a large dose of creative destruction driven by new competition, driven not by easy money, but discipline.