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Joe Biden and Democrats in Congress initiated the biggest reshoring initiative in US history. The Inflation Reduction Act (IRA) stimulated billions upon billions of dollars of battery production factories and other cleantech production facilities in the US. It also encouraged EV production in the US via stipulations on consumer EV subsidies. One of the first EV production plans to be announced in association with this was a giant Honda battery factory and EV hub in Ohio. Luckily, this project is still going forward despite the administration change, concerns about what that will mean for Inflation Reduction Act funding and the US EV tax credit, and overall uncertainty in the US and with global trade.
Honda’s EV Manufacturing Hub in Ohio
The Honda factory is huge not just because of its…
Read the full article originally published at cleantechnica.com.