17 Aug 2023 | Abstracted from Tech Crunch"The onshoring of battery manufacturing for EVs started as a trickle during the COVID-19 pandemic. Now it's a tsunami"
"The IRA also includes advanced manufacturing credits that give the producer a payout from the Treasury...the production of battery cells qualify for a credit of $35 per kilowatt-hour of capacity, and the production of battery modules qualify for $10 per kilowatt-hour...
"Automakers and battery manufacturers have collectively invested and promised to invest close to $100 billion in building domestic cell and module manufacturing."
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