$174 Billion

The amount President Joe Biden’s proposed American Jobs Plan would direct toward electric vehicles (EVs), including funding to create a network of 500,000 EV charging stations across the United States by 2030. But the U.S. market for EVs, along with the market for battery production and disposal, must catch up to the demand analysts predict will exist by 2030.

2%

Portion of the 17 million new vehicles sold in the United States in 2019 that were EVs.

1%

Share of the world’s lithium supply, crucial in EV batteries, ­produced in the U.S.

65%

The share of the world’s ­lithium-ion battery ­supply that comes from China.

95%

The portion of U.S. ­lithium-ion batteries (considered hazardous material) currently ­discarded after their life cycle instead of being reused or recycled.

300%

The increase in demand for cobalt and lithium the International Energy Agency predicts by 2030.