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Message: Re: Fed plan to stimulate domestic manufacturing

Is this where Electrovaya fits in?  Will Raj announce a Grant tomorrow?  A new contract or PO?

Large capacity batteries: As the United States transitions away from fossil fuels for power generation and electrifies our automotive and trucking fleets, large capacity batteries for electric vehicles (EVs) and grid storage will be essential to U.S. economic and national security. Global demand for EV batteries is projected to grow from approximately 747 gigawatt hours (GWh) in 2020 to 2,492 gigawatt hours by 2025.5 Absent policy intervention, U.S. production capacity is expected to increase to only 224 GWh during that period, but U.S. annual demand for passenger EVs will exceed that capacity.6 Maintaining America’s innovative and manufacturing edge in the automotive sector and other key industrial sectors will require the United States to undertake a concerted effort to shore-up sustainable critical material supply and processing capacity, expand domestic battery production, and support EV and storage adoption.

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