Report: EV Battery Belt Is Reshaping U.S. Heartland

Reports say the so-called Inflation Reduction Act is expected to provide a major boost for what is being called the nation’s “Battery Belt.” This swath of the U.S. includes Ohio, which has both electric vehicle and battery manufacturing facilities. Under the new law, the federal government will provide a tax credit for each U.S.-produced battery cell — worth about 35% of the current cost of production. 8/22/2022