Battery production in the U.S. is expected to grow drastically in coming years — especially production of batteries for electric vehicles.
The Biden administration has made a substantial commitment to increasing domestic battery production capacity. Federal agencies and state governments have made special grant and tax incentive programs available for battery manufacturing facilities.
Most recently, the Inflation Reduction Act includes key provisions related to tax credits for EVs. These are expected to further incentivize domestic production of batteries for EVs.