Toyota Selected to Receive $4.5 Million in Federal Funding for Development of Technology to Support a Circular Domestic Supply Chain for Electric Vehicle Batteries
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Toyota has been awarded $4.5 million in federal funding by the U.S. Department of Energy's ARPA-E program to develop technology for a circular domestic supply chain for electric vehicle batteries. This initiative aims to create a sustainable critical minerals supply chain.
December 18, 2024 | 3:15 pm
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Toyota has been awarded $4.5 million in federal funding to develop technology for a sustainable supply chain for electric vehicle batteries. This funding supports Toyota's efforts in creating a circular economy for critical minerals.
The funding from ARPA-E is a significant boost for Toyota's R&D in sustainable technologies, particularly in the EV sector. This aligns with global trends towards sustainability and could enhance Toyota's market position in the EV industry.
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