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What Battery Makers Should Be Thankful For
Maria Guerra Nov 22, 2022

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Courtesy of Ultium Cells

1.Inflation Reduction Act (IRA):

Battery makers should be grateful for the Inflation Reduction Act of 2022. The act includes a five-year, $60 billion tax credit for clean-energy manufacturing companies. Roughly half of the credits are meant for increasing domestic production of wind turbines, solar panels—and batteries.

Ultium Cell Spring Hill battery manufacturing facilitity.

 

 

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