Japan’s Honda and South Korea’s LG have teamed up to build a $4.4 billion dollar lithium-ion battery plant for EV’s in the U.S.
The new factory is a huge investment. But it’s still unclear where it would be built, reports mention it could be in Ohio, where there is already a large Honda factory.
And the Ohio Governor is cooperating with Honda and LG “to ensure that they choose Ohio for this new electric battery plant.”
The goal for the companies is for the production capacity of 40 gigawatt hours, with the batteries to be used for Honda and Acura models across North America.
And lately, there’s also been a big push by the Biden administration to draw more battery and EV production to the united states.
Recently, Biden signed a $430 billion dollar climate, health care and tax bill, which also includes a section on Electric vehicles.
And it states that EV’s made outside of North America will not be eligible for tax credits.
White House Deputy National Climate Advisor Ali Zaidi said: Another day, another massive investment catalysed by President Biden’s bold climate agenda.
And U.S. Energy Secretary Jennifer Granholm said: “Big things happen when the public and private sectors work together.
And theirs been other policy changes too:
The U.S. state of California announced that all new vehicles sold in the state by 2035 will either be electric or plug-in electric hybrids.
It seems new incentives by the government, are working to speed up America’s shift to electric vehicles.
