Honda Battery Plant Coming To Ohio
Despite some of the early rumors of fighting, many OEMs are making moves to stay within the Inflation Reduction Act’s EV tax credit guidelines. How they settled on Ohio is anybody’s guess.
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🏭👷 Honda and LG's new massive battery plant will be in Ohio.
🤑📆 Construction on the $3.5B factory will begin early in 2023. Mass production of Lithium batteries will begin by the end of 2025.
🔧🛠 Honda will also retool existing US plants for EV production to meet US tax credit requirements.
⛽🔋 Right on track for Honda's plans of shifting from ICE to EV by 2040 and going ultimately carbon neutral by 2050.