A Mad Rush to Build More EV Factories, But Where are the Minerals?
Incentives and free money from the Inflation Reduction Act has triggered an investment boom to build more electric vehicles.
MISHJAN 2, 2023
Where Clean Energy Metals are Produced
The auto industry has earmarked billions of dollars for EV projects resulting in the Biggest Auto-Factory Building Boom in Decades
The U.S. auto industry is entering one of its biggest factory-building booms in years, a surge of spending largely driven by the shift to electric vehicles and new federal subsidies aimed at boosting U.S. battery manufacturing.
The 11-month total adds to the $37 billion in new auto-factory spending committed in 2021, when a number of new projects were revealed in states such as Tennessee, Kentucky and Michigan. The annual figure is up from $9 billion in 2017 and a more than eightfold increase from two decades ago, the center found.
https://mishtalk.com/economics/a-mad-rush-to-build-more-ev-factories-but-where-are-the-minerals
