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by yibg
3 hours ago
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Isn’t there a e) have investment at the federal level in R&D, specifically for industries that matter (economy, national security etc)? For automotive, China didn’t become the EV leader by accident. It was a deliberate national strategy, with funding to back it up. Yes there is cheaper labor, different regulations etc. But also in no small part to federal funding, investment in R&D etc. why are we surprised then that the US is in general falling behind? The US could invest more in battery tech, manufacturing automation, robotics etc. This both lowers cost and increases product competitiveness. |
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The US is investing in batteries. Domestic production has increased rapidly over the last couple of years and is continuing to do so. The US can now produce domestically all of its battery needs for grid storage, for example.
This is due to government incentives from the Inflation Reduction Act.