New York CNN —
Last month, battery recycling company Redwood Materials broke ground on a $3.5 billion battery plant in South Carolina that is expected to create 1,500 new jobs.
The plant aims to eventually make enough battery components to power more than a million electric vehicles a year. Redwood Materials specifically cited the 2022 Inflation Reduction Act, America’s biggest-ever climate investment, as a reason why it decided to build the facility.
This is just one example of a Republican state benefiting from the private investment boom set off by the IRA, a signature legislative achievement for President Joe
→ Continue reading at CNN - Business News
