US gigafactory construction timelines surpass China as IRA turbocharges capacity pipeline

The US Inflation Reduction Act (IRA) is dramatically accelerating the construction timeline for battery gigafactories in North America, according to Benchmark’s Chief Data Officer Caspar Rawles. “The previous belief was that China was the quickest region to install new plants,” said Rawles at Benchmark’s recent Giga Europe 2024 event in Stockholm. “But since the IRA, […]