U.S. incentivizing domestic manufacturing of lithium-ion batteries

Electric VehiclesHigh Tech / High Touch
Written By Jennifer Joslyn

🔋 Let’s get manufacturing.

China and Europe are far ahead of the United States in terms of manufacturing electric batteries for electric vehicle usage, but the United States is aiming to make ground with the Inflation Reduction Act. The legislation, signed into law by President Joe Biden, offers incentives for U.S. companies to domestically manufacture lithium-ion batteries and offers tax credit qualifications for sourcing materials needed for EV batteries on U.S. soil. Seeing the writing on the wall, many companies are throwing their hat in the ring, hoping to reap the financial benefits of a rapidly growing market.

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Jennifer Joslyn
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