US faces battery deficit as China’s solar giants plan massive growth

TL/DR –

China holds an 85% share in global solar manufacturing. This dominance has led to strategic changes in US policy. In response, during the Biden administration, the US introduced the Inflation Reduction Act (IRA) which offered substantial subsidies.

Commanding an 85% market share in global solar manufacturing, China elicits strategic policy changes in the US. Under the previous Biden administration, the Inflation Reduction Act (IRA) proposed significant subsidies to incentivize…

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