Federal tax credits from the Inflation Reduction Act are fueling big growth in Tennessee’s battery supply chain.
The Volunteer State has become a major hub in battery production with 11 manufactures in the state. For example, in Clarksville, LG Chem is investing $1.7 billion in a facility to produce cathode materials for electric-vehicle batteries.
Xan Fishman, energy program senior managing director for the nonprofit think tank Bipartisan Policy Center, said clean energy tax credits are driving investments in Tennessee’s battery industry…