March 10, 2026 archive

Fed Bank says battery storage industry won’t see improvements soon

  • March 10, 2026

The future of the U.S. battery industry looked extremely promising several years ago. Consumer interest in electric vehicles (EVs) was rising, and the Inflation Reduction Act, passed in 2022, provided incentives for the domestic production of lithium-ion batteries that would power those vehicles. Automakers responded with bold pledges to increase sales of EVs, pledges that were mirrored …

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