Search Results Found For: "Inflation Reduction Act"

How the Inflation Reduction Act is creating EV industry jobs in red states

The architects of the Inflation Reduction Act (IRA) and the Bipartisan Infrastructure Law (BIL) understood that growing the US EV industry will be a Pyrrhic victory if we trade dependence on oil for dependence on raw materials from unpredictable foreign countries—that’s why the laws include strong incentives for automakers to establish domestic supply chains for… Read more »

Indian firm EAM to invest $650 million in North Carolina EV battery manufacturing facility

Epsilon Advanced Materials (EAM), an Indian battery materials company and a subsidiary of Epsilon Carbon, plans to build a $650-million graphite anode manufacturing facility in Brunswick County, North Carolina. The company plans to break ground in 2024 and begin manufacturing in 2026, reaching full capacity by 2031. EAM is already in discussions with local raw… Read more »

Statevolt acquires Imperial Valley, California site to build battery gigafactory

Battery startup Statevolt has acquired a 135-acre site near the Salton Sea in Imperial Valley, California, for a new 54 GWh gigafactory. The company says it intends to manufacture batteries for EVs and storage applications using exclusively US resources and supply chains as part of its hyperlocal business model. According to Statevolt, the location was… Read more »

North Carolina’s governor proposes Advanced Clean Trucks (ACT) program to electrify trucks and buses

North Carolina Governor Roy Cooper has taken an important step towards accelerating the electrification of medium- and heavy-duty vehicles in the state. Executive Order 271 directs the North Carolina Department of Environmental Quality (DEQ) to work with stakeholders to propose an Advanced Clean Trucks (ACT) program that would “ensure zero-emission trucks and buses are available… Read more »

Bidirectional Act to promote electric school bus V2G applications introduced in Senate

Bidirectional electric school buses are such a good idea, they almost sound too good to be true. School buses represent a perfect use case for V2G technology, revenue from providing grid services can help defray the costs for school districts, and protecting schoolchildren from diesel fumes is a worthy goal that should be popular on… Read more »

Tritium opens fast charger factory in Tennessee

Charger manufacturer Tritium (Nasdaq: DCFC) has opened its first US-based charger manufacturing facility in Lebanon, Tennessee. The facility is expected to create over 500 jobs over the next five years. Tritium’s Tennessee facility will initially produce the company’s RTM fast charger, and is expected to start producing the PKM150 early next year. These DC fast… Read more »

Will designating China as an “entity of concern” spur the development of US supply chains?

The Buy American provisions of the Inflation Reduction Act and Bipartisan Infrastructure Law have proven controversial in some quarters, but they are integral and necessary components of both programs. EVs require raw materials, many of which are disproportionately extracted and processed in countries that we don’t want to rely on. Thus, any comprehensive program to… Read more »

White House clarifies (sort of) EV tax credit eligibility rules for foreign companies

The Buy American provisions of the  Inflation Reduction Act and Bipartisan Infrastructure Law have been the topic of much speculation and more than a little controversy. Now the Biden Administration has issued a set of rules for determining which foreign entities of concern (FEOC) are not eligible for EV-related tax credits and other subsidies. The… Read more »

Over $500 million investment in US EV charger plants announced since 2021

As regular Charged readers know, the US Inflation Reduction Act has spurred a tidal wave of investment in battery plants, as well as mines and processing facilities for critical battery minerals. EVSE manufacturers have also been joining the party (or “lining up at the trough,” as a fiscal conservative might put it). The DOE’s Vehicle… Read more »

Toyota to invest $8 billion to expand North Carolina EV battery plant

Is Toyota a sleeping giant, poised to exploit the wimpy waffling of GM and Ford, and become the EV powerhouse it should be? Or will the company continue paying lip service to e-mobility while clinging to 20th-century technology? Who knows? We won’t presume to read the green tea leaves, but we are happy to report… Read more »