DOE to Fund $300M in EV, Biofuel, Hydrogen
Jan. 24, 2020—At the Washington Auto Show, the Department of Energy said it would fund nearly $300 million in new research for EVs, biofuels, and hydrogen, reported Electrek. The investment is split roughly three ways between the three research areas.
The report says that $133 million will go to electrification and advanced batteries, but part of that is earmarked for lightweight materials and mobility systems. The investment will go towards faster EV charging, energy storage, and how utilities should organize their operations to integrate electric car charging.
Another $100 million will focus on reducing the cost of biofuels. The remaining funds, $64 million, will add to the department’s hydrogen research.