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 »

Westwater Resources to supply natural graphite from Alabama to battery maker SK On

Global EV battery manufacturer SK On has signed a conditional offtake agreement with US graphite supplier Westwater Resources in a move to secure battery-grade natural graphite in North America. Under the terms of the agreement, SK On can source a total of 34,000 tons of natural graphite anode products processed at Westwater’s Kellyton Graphite Plant… Read more »

How Umicore is ensuring sustainability in the North American EV battery chain

Q&A with Umicore’s Robert Privette Umicore traces its roots to a Belgian mining company formed in 1906. Since then, it has moved on from mining to a variety of high-tech pursuits including refining, recycling and the manufacture of specialized metal products. Today it’s one of Belgium’s largest companies, and has a strong presence in e-mobility,… Read more »

Is it true that only 13 EVs currently qualify for a US tax credit?

Sometimes public policy gets skewered on the horns of a dilemma. The Buy American provisions of the Inflation Reduction Act are aimed at protecting US jobs (and national security) by making EVs with substantial amounts of battery components from “nations of concern”—namely China—ineligible for tax credits. That’s a worthy goal, but to a certain extent… Read more »