"New details compiled last week by economic analyst Joey Politano reveal that U.S. lithium-ion battery production has increased significantly in recent years, specifically since the passage of the Inflation Reduction Act (IRA)."
"According to Politano's data, battery production is actually up 25% in the U.S. since 2023."
"His findings track with other studies we've seen that confirm this trend. According to International Energy Agency (IEA) data from May, China's global investments in clean technology manufacturing and control of the battery space is actually down from 2022 and 2023."
"You can thank the rise in local manufacturing for much of that; investments more than tripled in the U.S. and Europe in 2023."
#battery-production #electric-vehicles #inflation-reduction-act #clean-technology #manufacturing-growth
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