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DOE grants $375M loan for lithium battery recycling plant
The effort to satisfy a vast demand for lithium for electric vehicle batteries moved one step forward with a $375 million loan from the Department of Energy to Li-Cycle, a battery recycling company, to build a lithium-ion battery recovery plant near Rochester, N.Y., after plans for another such facility in Arizona were announced recently.
Want to bring more jobs to Arizona? Invest in EV manufacturing
It’s clear from 2022 that electric vehicles are here to stay. EVs experienced tremendous sales growth last year and automakers are committing to electrify more vehicle models than ever before. For Arizona, this means that electric vehicles can bring even more jobs to the state, more economic investment, and establish a true EV manufacturing hub.
