Over $40 billion in EV investments establishes new US ‘battery belt’ with 15 new plants or expansions
October 12, 2022
A new ” battery belt” is emerging in the United States as automakers from around the globe race to meet the overwhelming demand for fully electric, zero-emission vehicles. With limited production ability, planned investments to ensure the US has an adequate supply of critical EV battery components exceeds $40 billion.
Automakers and government leaders alike have set ambitious goals for the…