Photo Credit:Fair Use [17 U.S.C. § 107]

North America Is Now the Growth Leader For New Battery Factories

01 Jun 2023 | Abstracted from Electrek

"...'Energy Storage System Supplier Market Intelligence Report' asserts that the incentives offered by the Biden administration'S Inflation Reduction Act (IRA) are the catalyst for the surge of the number of North American battery factories.

"CEA says that China is still the leading battery cell manufacturing hub, but its share will decline in 'coming years'...14% of all new cars sold were electric in 2022 - up from around 9% in 2021..."

ADDITIONAL RELATED NEWS LINKS

• Why US Car Plants Are Being Under-Utilized


• VW Considers Historic German Plant Closures; Has "0ne, Maybe Two" Years To Turn Around


• How China Became The Leading Car Supplier To Mexico And What It Means For The U.S.


• Nissan Confirms 3 New EVs And Its Next Gigafactory Location


• Tesla Announces Cybertruck Deliveries Set for November 30, Claims 125,000 Production Capacity


• U.S. Plan Envisions Factories In Africa For Surging EV Battery Demand


• Stellantis Will Reduce EV Battery Weight By Half


• Tesla Announces Production Of 2 Millionth EV At Giga Shanghai


• Investors Flock to Battery Recyclers in Hunt for Climate Law Winners


• Auto Industry's Switch To EVs Gets $12 Billion In Loans And Grants From The US Energy Department