Third Panasonic EV battery plant within the US remains to be doable 

Throughout CES 2024, Panasonic Power of North America’s president Allan Swan stated the Japanese firm remains to be planning to construct a 3rd electrical automobile (EV) battery plant in the USA. 

In response to Panasonic Power’s president, the corporate wants extra crops to extend its annual manufacturing capability from 50 GWh to 200 GWh by 2031. Swan talked about that Panasonic was contemplating a facility in the USA as a result of it was “extra incentivized in America than in Canada.” 

As the brand new 12 months rolled in, the Biden Administration stood agency on its aim to incentivize EV gross sales. The Inside Income Service (IRS) has already launched the listing of EVs eligible for tax credit beneath the Inflation Discount Act (IRA). 

Extra auto sellers are additionally signing up for the point-of-sale EV tax credit. Primarily based on the rising variety of dealerships signing up for the point-of-sale EV tax credit, electrical automobile gross sales are anticipated to enhance, making home battery suppliers—like Panasonic—much more vital. 

Swan stated that Panasonic Power would most likely wait to announce the placement of its third EV battery plant. He hinted that the Japanese firm would announce a brand new battery plant within the US by fiscal 12 months 2024, which in Japan begins in April. 

In December 2023, Panasonic launched a public assertion saying it will not “transfer ahead with creating” a website EV battery plant in Oklahoma. Nevertheless, Swan refuted the general public assertion throughout CES 2024. 

“We’re at all times wanting [for a possible aspect. Oklahoma remains to be an choice,” Swan acknowledged.

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Third Panasonic EV battery plant within the US remains to be doable 

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