Automakers and suppliers are breaking ground on battery factories across the United States as they race to go all in on EVs by the end of the decade.
Car companies and suppliers such as LG Energy, SK Innovation, Panasonic and Samsung are investing more than $38 billion through 2026 to boost battery production in the U.S., according to AlixPartners. In July, Kansas and North Carolina each announced the largest economic development projects in their histories, and Ford finalized a deal to bring its battery production to Tennessee and Kentucky.
This is just the start of a boom in onshore battery manufacturing: The Inflation Reduction Act, which includes tax credits to encourage dome …
