Agree actually. This ensures that the whole battery manufacturing and EV industry continues to ramp fast til 2027 by which time ICE vehicle production investment will be smaller and smaller. Also gets the OEMs addicted to the IRA $7500 per EV. Any OEM who loses the $7500 on Jan 1 2027 while their competitors keep it will be up the creek without a paddle.
More AAM production investment is required between now and 2027 though. The real test might be on whether they apply s301 tarrifs this year. The anode stick to match the $7500 vehicle carrot.
Note that NVX, for example, has deals with LGES and Panasonic. So those two battery makers have positioned themselves well to be supplying IRA compliant batteries from now til 2031. They will prosper because of it.
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