“Europe has seen delays and cancellations of several planned battery factories, mostly due to high energy prices and other countries’ pro-clean energy and EV manufacturing policies luring projects away.”
Clean Energy Associates credits the Inflation Reduction Act for North America’s lead in planned battery plants. The flagship example is a $3.5 billion, 35 GWh Michigan plant that Ford announced with CATL. The subsidy lures the projects, and China stays the leading cell manufacturing hub. Europe found out what happens when someone else writes bigger checks.