Dallas Fed: EV Sales Slump Causes Battery Manufacturers to Pivot

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Interesting post from the Dallas Fed Economics team that discusses the impact that the slump in EV auto sales has had on battery production gigafactories. The authors found that the diminished outlook for EV sales growth has led many battery manufacturers to shift their focus from the production of lithium-ion EV batteries to the production of battery energy storage systems. Most of these production facilities are located in the eastern half of the country.

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