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 »

Schaeffler invests $230 million in new automotive manufacturing facility in Ohio for EV products

Global motion technology company Schaeffler plans to expand its US operations with the addition of a new manufacturing facility focused on producing automotive electric mobility solutions. Schaeffler will invest over $230 million to build a new greenfield manufacturing facility in Dover, Ohio, and is also planning future expansions in the state. Construction of the new… 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 »

Avery Dennison’s new electrode fixing tapes for EV battery cells

Adhesives giant Avery Dennison has introduced new electrode fixing tapes for use in the assembly of EV batteries. The new products are “the latest addition to the company’s portfolio of functional bonding and protection tapes engineered to make EV batteries safer, more efficient and easier to assemble.” Electrode fixing tapes represent a highly specialized category… Read more »