North American Battery & EV Provide Chain Funding Grew to Greater than $250 Billion by Finish of 2023 – Insta News Hub

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Cumulative battery and EV provide chain funding in North America grew to greater than $250 billion by the tip of 2023. Funding in battery and EV provide chains elevated quickly after the passage of the Bipartisan Infrastructure Legislation (BIL) on November 15, 2021, and the Inflation Discount Act (IRA) on August 16, 2022. Funding by manufacturing product reveals that cell manufacturing accounted for about half of all investments by the tip of 2023, adopted by EV meeting (22%) and minerals (12%).

Notes:

BIL — Bipartisan Infrastructure Legislation, November 15, 2021.
IRA — Inflation Discount Act, August 16, 2022
EVSE — Electrical Automobile Provide Tools
AAM — Anode lively materials
CAM — Cathode lively materials

Supply: Argonne Nationwide Laboratory, Quantification of Commercially Planned Battery Component Supply in North America through 2035, March 2024, Determine 5.

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Courtesy of Department of Energy