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 »
Search Results Found For: "Inflation Reduction Act"
6K’s cathode active material for EV batteries to meet IRA requirements
US battery materials producer 6K has confirmed that its cathode active material (CAM) will meet US government mandates for compliance with the Inflation Reduction Act (IRA) for both lithium iron phosphate (LFP) and nickel manganese cobalt (NMC) materials for EV batteries. The company’s 6K Energy subsidiary is delivering large quantities of critical materials from its… 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 »
Bollinger Motors counts down to September start of production for new B4 electric truck
Bollinger Motors, a US manufacturer of all-electric commercial chassis cab trucks, has announced it plans to start production of the Bollinger B4 on September 16, 2024. The B4 is a chassis cab electric truck. Thus far only pre-production evaluation vehicles have been manufactured but, in a few weeks, saleable B4 trucks will be coming down… Read more »
LG Energy Solution partners with Liontown to guarantee lithium supply
LG Energy Solution, a manufacturer of lithium-ion batteries, and Liontown Resources, a battery minerals producer, have announced a partnership that seeks to build on the two companies’ ongoing work in the lithium sector. The partnership will extend the offtake agreement between the two entities from 5 to 15 years and includes plans to investigate the… Read more »