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So Michigan, which last year lost out to Indiana in its pursuit of $2.5 billion battery plant gets a $3.5 billion dollar plant. That’s a “loss”? Meanwhile, Indiana’s $2.5 billion “win” with the auto maker Stellantis and renewable battery company Samsung SDI has been put on hold.
One thing seems clear: Indiana has a track record of attracting second-rate “iffy” entities that may – but more often don’t – end up here while states like Michigan and Ohio land the crown gems. Time for someone to ask “what’s going on here?”
Amazing what 1.8 trillion dollars from the misnomer, Inflation Reduction Act can build.
Build it and they will come, if not force it down there throats and make them pay for it!
What will they do with all these EV plants when the Electric Vehicle movement crashes and burns due to electric grid limitations? Already this past year California had to issue warnings during peak demand telling folks not to charge their EVs, and the percent of EVs there is under 25%. Make them bicycle plants?
It’s going to be very interesting to see all this plays out for Indiana. The state keeps trying but seems to end up on the tail end of the stick. I think Indy should jump feet first on the semiconductor industry. Maybe it’s time to take a pivot from what other states around us are doing and think outside the box.
When people realize there isn’t a way to recharge except at home, and it raises your electric bill alot, they will shut down the battery, and ecar production. The electric grid can’t keep up with even a small increase in ecar sales (currently 2% of total car sales)