The US has been playing catch-up with China in terms of battery manufacturing until recently
New data from Joey Politano reveals that US' lithium-ion battery production has increased by 25% since 2023
The Inflation Reduction Act (IRA), which encourages the development and manufacture of green energy technologies, is credited for the increase in battery production.
China's global investments in clean technology manufacturing and control of the battery space is actually down from 2022 and 2023 according to the International Energy Agency (IEA) data
The US investment in EV battery making was $40bn between 2020 and the third quarter of 2023 alone
America has drastically ramped up the production and installation of huge backup batteries that can be used in power outages this year
Battery factories are springing up all over the US to support the EV sector—including in red and purple states
President-elect Donald Trump has vowed to repeal the provisions of the IRA, get rid of EV tax credits and incentives and claw back unspent funds
If the US wants to compete against China and avoid becoming purely an importer of the world's next-generation tech, then it should prioritise domestic battery production