Hardware Podcasts

Is the Inflation Reduction Act a win for EVs and batteries?

Catalyst · 29 Sept 2022 · 44m

What this episode covers

Sam Jaffe, VP of battery solutions at E-Source, explains how the Inflation Reduction Act's EV and battery tax credits will reshape the North American supply chain. He details the $7,500 consumer credit, split into components and strategic minerals credits, and the 45X advanced manufacturing production credit, which offers $35-$45 per kilowatt-hour for battery production. Jaffe argues that while short-term EV adoption may suffer due to complex eligibility rules, the long-term impact will be a massive onshoring of battery manufacturing, with 600 gigawatt hours of capacity expected to come online in North America over the next decade.

Most relevant to

early-stage companies

Topics

Mentioned

Companies
E-Source, Hyundai, Tesla, Rivian, Lucid, Honda, LG, Gotion
Products
Kia EV 6
Also
Inflation Reduction Act

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