North American Battery & EV Supply Chain Investment Grew to More than $250 Billion by End of 2023

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Cumulative battery and EV provide chain funding in North America grew to greater than $250 billion by the top of 2023. Funding in battery and EV provide chains elevated quickly after the passage of the Bipartisan Infrastructure Regulation (BIL) on November 15, 2021, and the Inflation Discount Act (IRA) on August 16, 2022. Funding by manufacturing product reveals that cell manufacturing accounted for about half of all investments by the top of 2023, adopted by EV meeting (22%) and minerals (12%).

Notes:

BIL — Bipartisan Infrastructure Regulation, November 15, 2021.
IRA — Inflation Discount Act, August 16, 2022
EVSE — Electrical Automobile Provide Gear
AAM — Anode lively materials
CAM — Cathode lively materials

Supply: Argonne Nationwide Laboratory, Quantification of Commercially Planned Battery Component Supply in North America through 2035March 2024, Determine 5.

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Courtesy of Department of Energy