Cumulative battery and EV supply chain investment in North America grew to more than $250 billion by the end of 2023. Investment in battery and EV supply chains increased rapidly after the passage of the Bipartisan Infrastructure Law (BIL) on November 15, 2021, and the Inflation Reduction Act (IRA) on August 16, 2022. Investment by manufacturing product shows that cell production accounted for about half of all investments by the end of 2023, followed by EV assembly (22%) and minerals (12%).

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