The Inflation Reduction Act (IRA) has attracted more than $65 billion of investment in the US electric vehicle (EV) supply chain since it was passed in August 2022, including $49 billion for new battery and battery component manufacturing. It amounts to a massive commitment to the shift away from combustion engine vehicles and to building up domestic EV manufacturing capability, right along the supply chain. This stems from the substantial tax credits offered to drivers who buy EVs and r
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