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Power Transportation United States

North America Is Now the Growth Leader For New Battery Factories (electrek.co) 74

North America has emerged as the fastest-growing market for new battery cell manufacturing factories, driven by incentives provided by the Biden administration's Inflation Reduction Act (IRA), according to a report by Clean Energy Associates. Electrek reports: CEA says that China is still the leading battery cell manufacturing hub, but its share will decline in "coming years." 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. Global EV battery usage increased by 72% in just a year, from 2021 to 2022. And going forward, CEA forecasts an impressive two-year 186% growth rate on the 1,706 GWh of batteries produced in 2022.

The reason is obvious for the rapid increase in battery factories: The International Energy Agency's "Global EV Outlook 2023" reports that EV sales exceeded 10 million in 2022, and 14% of all new cars sold were electric in 2022 -- up from around 9% in 2021 and less than 5% in 2020. And battery and EV manufacturing are only going to continue to experience huge growth.

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North America Is Now the Growth Leader For New Battery Factories

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  • I'm wondering... (Score:2, Insightful)

    by christoban ( 3028573 )

    I'm wondering if there's anything the "Inflation Reduction Act" doesn't do, other than reduce inflation.

    • Re: (Score:3, Insightful)

      by narcc ( 412956 )

      I'm wondering if there's anything the "Inflation Reduction Act" doesn't do, other than reduce inflation.

      Reality suggests otherwise. Inflation is at its lowest level in two years. Also, most of what people were calling inflation was just price-gouging.

      Facts are facts. You'll need to find something else to get outraged about.

      • Re: (Score:2, Troll)

        Reality suggests otherwise. Inflation is at its lowest level in two years. Also, most of what people were calling inflation was just price-gouging.

        That isn't really a distinction that's important.
        CPI can increase for lots of reasons. Price gouging is one of them.

        i.e., if prices go up because of systemic price gouging, that is still inflation.

        Where this all got stupid is everyone's stupid fucking braindead politicized theory on what the source of the inflation was.

        • by narcc ( 412956 )

          Not important? I'd say it's incredibly important, as would any reasonable person.

          if prices go up because of systemic price gouging, that is still inflation.

          Nonsense. Inflation and price-gouging are not the same thing. Trying to conflate the two is transparently dishonest.

          • Re: (Score:2, Troll)

            Not important? I'd say it's incredibly important, as would any reasonable person.

            You, and they, would be wrong.

            Nonsense. Inflation and price-gouging are not the same thing. Trying to conflate the two is transparently dishonest.

            Wrong. Price inflation is any broad increase in prices over some period of time. The causes can be manifold.

            There's even a cute name for it- greedflation [nytimes.com]
            In the US, inflation is measured as the change in CPI. Price gouging can cause the CPI to increase, as can traditional causes of inflation, or other non-traditional causes of inflation that have existed in the past, that we still called inflation. Because that's the correct term for it.

            • by narcc ( 412956 )

              You're being dishonest again. Did you think I wouldn't notice? Let's look at your bullshit again:

              That isn't really a distinction that's important.

              To which I replied that it was very important. How consumers, and voters, react to price increases varies greatly depending on the cause.

              Again, inflation and price-gouging are not the same thing. You can try to argue that price-gouging is a form of inflation, though I don't know why you would, but to say that making that distinction isn't important is absurd. That distinction is essential.

              Like most infor

              • You're being dishonest again. Did you think I wouldn't notice? Let's look at your bullshit again:

                No, you're simply ignorant. It's a common theme for you.

                To which I replied that it was very important. How consumers, and voters, react to price increases varies greatly depending on the cause.

                CPI matters a lot to consumers. Why, a lot less. That's a macroeconomic problem.
                But I do love watching you squirm after trying to pretend like price gouging wasn't inflation ;)

                Again, inflation and price-gouging are not the same thing.

                Nobody said that. Nice strawman.

                You said it wasn't inflation. That is categorically incorrect.
                Inflation is any increase in CPI. Ergo, price gouging is categorically, inflation.

                You can try to argue that price-gouging is a form of inflation, though I don't know why you would

                I do. Because it's correct, and your claim was not.

                but to say that making that distinction isn't important is absurd. That distinction is essential.

                In the context by which you used it: "Also, most

                • by narcc ( 412956 )

                  that distinction doesn't matter.

                  Yes, it does. That you're still pretending otherwise tells me that you're either willfully ignorant or completely incompetent. Now, that is an example of a distinction doesn't matter.

                  Stop wasting my time.

                  • Hey dude, whatever makes you feel less stupid about the exchange above.

                    Facts are facts... unless of course when you're claiming they are, in which case, they're probably flat out falsehoods, lol.
          • Actually it is the same thing.
            Or how actually do prices rise during "not price gouging"?

            Obviously some people can raise the price of their products and services, and still stay in business, and that is: inflation.

            • by narcc ( 412956 )

              I've explained this already. Both cause price increases, but they have very different causes. The cause, as I've explained matters a great deal. To insist otherwise is to ignore reality.

              • Wrong again!
                You fucking love being wrong, don't you?

                Inflation = any upward change in CPI.
                Simplified, inflation.causes = [ demand-pull, cost-push, mere expectation, corporate greed, plus many, many, many more ];

                "Inflation and price gouging both cause price increases..." is a fucking stupid statement.

                To insist otherwise is to ignore reality.

                Stop saying this, you stupid motherfucker, lol.
                You can't add weight to your flatly incorrect argument by adding "And to disagree with me is to ignore reality" at the end of every fucking statement. Fucking

                • by narcc ( 412956 )

                  Sorry, kid, reality disagrees with you. Cry harder.

                  • lol.
                    I'd love to see you cite said reality.

                    News flash- you can't, because you're wrong.
                    Flat out, ignorant dumbshit wrong.

                    No matter how many times you scream "If you disagree with me you're stupid!" you are wrong.
                    Any and all increases in CPI are inflation, period, end of discussion. This is by definition.
                    Corporate Greed (which you call price gouging) is one of the many things that can lead to an increase in CPI.
                    Inflation is not price gouging, but price gouging is inflation
                    Because it leads to an
                    • by narcc ( 412956 )

                      Yawn... I've already proven your bullshit claim was bullshit. One more time is nothing.

                      Your claim, as you seem to have forgotten was:

                      That isn't really a distinction that's important

                      My claim is that the distinction is important, which I've proven over and over again.

                      If you want "citations", you'll find no shortage of articles that make that distinction. Here are just a few:
                      1 [npr.org]
                      2 [chn.org]
                      3 [theguardian.com]
                      4 [cbsnews.com]
                      5 [house.gov]

                      Oh, look at that last one. Is that house.gov? Our elected representatives are making that distinctions as well? Could it be because they think it's important?

                      That's because it

                    • Yawn... I've already proven your bullshit claim was bullshit. One more time is nothing.

                      You've proven nothing, you smooth-brained imbecile.

                      My claim is that the distinction is important, which I've proven over and over again.

                      Context is king, remember?
                      You said:

                      Also, most of what people were calling inflation was just price-gouging.

                      The distinction to, "most of what people were calling inflation", is not relevant.
                      That's because price gouging is a form of price rise, inflation is the aggregate price rise.
                      Ergo, what you said is:
                      "Also, most of what people are calling aggregate price rise was really just 1 particular reason for price rise"
                      Not. Fucking. Relevant.
                      From 1:
                      and that has many wondering if corporate greed is actually the driving force be

        • by Anonymous Coward

          That isn't really a distinction that's important.

          Sure it is.
          If your legislative goal is reducing inflation, it matters quite a lot where that inflation is coming from.

          • Correct. I didn't mean to imply it didn't matter for the legislature and the monetary controllers.
            I meant that it didn't matter in the context that they said it.

            I.e., he corrected someone and said, "it wasn't inflation, it was price gouging".
            1) This is a stupid thing to say, because price gouging is inflation.
            2) The person who was bitching about inflation couldn't care less if the cause was price gouging, a supply-side shortage, or a massive increase in employee wages.
      • Re: (Score:1, Flamebait)

        by christoban ( 3028573 )

        So, lowest since after Biden took office? LOL

        I don't see how it has anything at all do with the highly deceptive naming of this bill, which contains zero inflation reduction measures, yet spends hundreds of additional billions we don't have, creating the need to print more money.

        I just thought it was hilariously named.

        • by narcc ( 412956 )

          Ah, I see the problem: You're incompetent. Stop wasting my time.

          • You mean they're correct [bls.gov], lol.

            You're so fucking transparent, it's pathetic.
            Do you think nobody can see the bullshit you're trying to pull? "Fuck- I've just been shown to be stupid, I'll accuse them of being incompetent!"

            You're not clever dude. You're a bad fucking joke.
        • I don't see how it has anything at all do with the highly deceptive naming of this bill, which contains zero inflation reduction measures, yet spends hundreds of additional billions we don't have, creating the need to print more money.

          This is correct.

          So, lowest since after Biden took office? LOL

          This is stupid.
          Inflation has nothing to do with the dude in the Oval.

  • People use giant trucks to go shopping for ice-cream.

  • With the US being a wealthy nation, having a technologically advanced industry, and one of the biggest (if not em>the biggest) emitter of greenhouse gasses, it's about time they step up to the plate.

    For Big Oil, the time of reckoning is coming. I'm eagerly awaiting the day when those rats head for the exit to jump from the sinking ship.

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