RSS SubscribeTracking the EV battery factory construction boom across North America
From TechCrunch
The onshoring of battery manufacturing for EVs started as a trickle during the COVID-19 pandemic. Then it turned into a tsunami.
In 2019, just two battery factories were operating in the United States with another two under construction. Today there are about 34 battery factories either planned, under construction, or operational in the country.
Former U.S. President Joe Biden’s Inflation Reduction Act (IRA), signed into law August 16, 2022, might not have been the initial catalyst behind the onshoring battery factory trend. But it did help open the spigot and accelerate the pace of factory projects — not to mention sparking a climate tech arms race with the EU.
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