22 Sep 2024 | U.S. $3 Billion Battery Plan, Renault 5 EV Supermini and China’s Rising Sales In Europe
EV News Daily - Technology and Business of EVs
Martyn Lee
4.8 • 749 Ratings
🗓️ 23 September 2024
⏱️ 23 minutes
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Transcript
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| 0:00.0 | Welcome back to EV News Daily coming up today. The US's $3 billion battery plan, the Renault 5 EV Super Mini, and China's rising sales in Europe. |
| 0:10.5 | Plus stay tuned because later in the show, I'll tell you why Neo denied their interest in building EVs over here. |
| 0:16.5 | Well, good morning, good afternoon or good evening, wherever you are in the world. |
| 0:19.1 | Welcome to EV News Daily, your trusted source of EV information for Sunday 22nd of September. I'm Martin |
| 0:24.3 | Lee, and I go through every EV story so you don't have to. And welcome to a new podcast, |
| 0:28.5 | partner, Bob Boothby. Now, Bob, my friend, I've known Bob for such a long time, met his family |
| 0:34.5 | down in Devon, not too far from me. me well not as the crow flies a bit of a |
| 0:38.7 | windy country road to get there and Bob said he wants to support the podcast whether that's |
| 0:44.0 | you know for a month or two months or longer I don't know but he said hey don't worry about saying |
| 0:48.2 | thank you well of course but I have to say thank you Bob because to be a partner of the show |
| 0:53.6 | that's such a big investment and really appreciate it. And you too can be like Bob by clicking on a link in the show notes and support the work that I do here and get some benefits like the podcast being ad free on your Patreon feed. |
| 1:04.5 | Now, huge news on Friday this week, the Biden administration announced a $3 billion investment aimed at enhancing domestic |
| 1:12.4 | production of advanced batteries and materials essential free vs. This initiative is part of a |
| 1:18.0 | broader strategy to diminish China's influence in the global battery manufacturing industry. |
| 1:22.8 | The funding will support 25 projects in 14 states in Michigan, North Carolina, Texas, Ohio, |
| 1:30.6 | South Carolina, Louisiana and more. The funding represents the second phase of EV battery |
| 1:35.7 | financing under the bipartisan infrastructure law in 2021, following an earlier allocation of |
| 1:41.3 | $1.8 billion for 14 projects that are currently in progress. |
| 1:45.9 | The current funding figures are lower than previously indicated because some of those projects |
| 1:50.7 | were withdrawn or rejected. The funding is a critical component of Biden and VP Harris's |
| 1:57.4 | strategy to accelerate the production and sales of EVs, which they view as vital |
| 2:03.2 | for defending against the Chinese influx. And look, we're seeing it in Europe. I've got a big |
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