U.S. Races Ahead in EV Manufacturing Investments Since Biden took office, manufacturers have quadrupled EV and battery investments i
, the two laws make approximately $245 billion of federal investments available for electric vehicles, batteries, and charging stations, according to Atlas. Manufacturers are also responding to the administration’s commitment to strong clean car and clean truck standards, which will lock in progress on clean vehicles in line with what manufacturers are already seeing in Europe and China.
The Atlas researchers also found that automakers and battery manufacturers have plans to spend $54 billion to construct or expand 37 EV battery manufacturing facilities across the country. If built and operating by 2030, these facilities would have the capacity to support approximately two thirds of the passenger vehicle market being electrified.
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