Search Results Found For: "Inflation Reduction Act"

Billions of bucks for US battery plants announced in 2022

Electrifying transportation is going to require beaucoup batteries, and for a raft of reasons, those batteries need to be built near the vehicle markets they serve (not shipped halfway around the world, as is often the case today). The Biden Administration’s Inflation Reduction Act includes incentives for automakers to source their batteries here in the… Read more »

Electrification Coalition releases Local Government Playbook for federal EV investments

The Bipartisan Infrastructure Law and Inflation Reduction Act have put a lot of money on the table for deploying charging stations and incentivizing EV purchases. Local governments will play a large role in ensuring that the funds are invested effectively.  To help government agencies get their share of the bounty (and use it wisely), the… Read more »

USPS finally sees the electric light, now plans to deploy over 60,000 EVs by 2028

Postal delivery vehicles arguably represent the perfect use case for EVs: they’re small, they drive short regular routes, and they return to central depots every day. Furthermore, in January 2021, President Biden announced a goal of replacing the massive US federal fleet with US-made electric vehicles, and the US Postal Service, which operates a delivery… Read more »

European Battery Alliance says European battery industry is in “crisis,” calls for billions in “emergency” investments

The US Inflation Reduction Act was intended to boost investment in US battery manufacturing, and it appears to be working—so well, in fact, that European battery producers are becoming alarmed. The European Battery Alliance (EBA), a group of around 800 industry stakeholders that was founded in 2017, has presented what it calls a “crisis proposal”… Read more »

SK On signs 5-year lithium hydroxide supply deal with SQM

Battery manufacturer SK On has signed a lithium hydroxide supply deal with Chile’s SQM. The terms of the agreement will enable SK On to purchase up to 57,000 tons of lithium hydroxide over the course of five years starting in 2023—enough to produce batteries for approximately 1.2 million EVs. Obtaining lithium from SQM will help… Read more »

LG Chem to build major cathode plant in Tennessee

LG Chem has signed a memorandum of understanding to establish a new cathode manufacturing facility in Clarksville, Tennessee. Manufacturing plants for batteries and other EV components are popping up all over the country these days, and the announcements invariably mention President Biden’s Inflation Reduction Act, which offers incentives for companies to establish supply chains here… Read more »

FREYR Battery to build Giga America battery plant in Georgia

Another day, another announcement of a new battery gigafactory. FREYR Battery has purchased a site in Coweta County, Georgia for its planned Giga America battery plant, and will begin detailed project engineering “in the coming months.” FREYR plans to invest some $1.7 billion in the first phase of Giga America, which will be a cell… Read more »

Redwood Materials to supply cathode material to Panasonic’s new US battery plant

JB Straubel’s Redwood Materials will supply remanufactured battery cathode material to Panasonic, beginning in 2025, for a new factory the Japanese battery-maker is currently building in Kansas. Panasonic’s $4-billion factory, which is said to be larger than Tesla’s Nevada Gigafactory, is expected to begin production of 2170-format cylindrical cells by March 2025. Spurred by the… Read more »

Verkor will use V-TRACE to ensure the traceability and sustainability of its battery supply chain

It’s becoming increasingly important for battery suppliers and automakers to be able to document where their raw materials come from. Traceability, which has long been important in industries such as aerospace and food processing, is not just about deflecting bad PR—under the new Inflation Reduction Act, automakers will have to document the sources of their… Read more »

The Tesla Semi is in production at last! Pepsico will get the first deliveries.

The Tesla Semi, an electric Class 8 truck, was hailed as a game-changer when it was unveiled in 2017. However, planned production dates were pushed back repeatedly, and other companies (Kenworth, Freightliner, Volvo) beat Tesla to the market, while the erstwhile EV trend-setter pursued other priorities. Now Tesla has announced that Semi production has begun,… Read more »