Insider Intelligence delivers leading-edge research to clients in a variety of forms, including full-length reports and data visualizations to equip you with actionable takeaways for better business decisions.
In-depth analysis, benchmarks and shorter spotlights on digital trends.
Learn More
Interactive projections with 10k+ metrics on market trends, & consumer behavior.
Learn More
Proprietary data and over 3,000 third-party sources about the most important topics.
Learn More
Industry KPIs
Industry benchmarks for the most important KPIs in digital marketing, advertising, retail and ecommerce.
Learn More
Client-only email newsletters with analysis and takeaways from the daily news.
Learn More
Analyst Access Program
Exclusive time with the thought leaders who craft our research.
Learn More

About Insider Intelligence

Our goal at Insider Intelligence is to unlock digital opportunities for our clients with the world’s most trusted forecasts, analysis, and benchmarks. Spanning five core coverage areas and dozens of industries, our research on digital transformation is exhaustive.
Our Story
Learn more about our mission and how Insider Intelligence came to be.
Learn More
Rigorous proprietary data vetting strips biases and produces superior insights.
Learn More
Our People
Take a look into our corporate culture and view our open roles.
Join the Team
Contact Us
Speak to a member of our team to learn more about Insider Intelligence.
Contact Us
See our latest press releases, news articles or download our press kit.
Learn More
Advertising & Sponsorship Opportunities
Reach an engaged audience of decision-makers.
Learn More
Browse our upcoming and past events, recent podcasts, and other featured resources.
Learn More
Tune in to eMarketer's daily, weekly, and monthly podcasts.
Learn More

DOE's $15.5 billion battery manufacturing infusion anticipates US EV surge

The news: The US Department of Energy (DOE) has earmarked $15.5 billion to ignite the electric vehicle (EV) transition, part of President Biden's Investing in America strategy. 

Why it’s worth watching: This financial windfall offers an unprecedented springboard for automakers and suppliers. 

  • The sum is divided into $12 billion for automotive conversion projects and $3.5 billion to broaden domestic battery production in time to meet aggressive EV adoption targets.
  • The funds and incentives can help automakers retool existing car plants for EV production. 
  • The deal should help secure manufacturing jobs in conservative states like Georgia, North Carolina, and Tennessee.
  • The Biden administration also committed $5 billion to build 500,000 EV charging stations in February.

How it works: Grant applications can be submitted through the DOE's Office of Manufacturing and Energy Supply Chains, and loans through the DOE's Loan Program Office.

  • Concept papers are due October 2, 2023, and the deadline for full applications is December 7, 2023.
  • $12 billion in funding will tilt toward enterprises rooted in communities with a storied automotive past, as well as projects pledging robust wages and upholding collective bargaining agreements.
  • $3.5 billion will go toward expanding domestic manufacturing of batteries for EVs, reducing reliance on imported materials and components. 

The caveat: Preference for grants and loans given to existing automotive communities could deprive other locations eager for industrial revival that lack an automotive production history.

Our take: The DOE’s EV battery manufacturing fund helps address a pressing need for onshoring lithium battery production. Further investments should also focus on improving the poor state-of-charging infrastructure as well as providing incentives for EV manufacturers and buyers.