Support CleanTechnica's work through a Substack subscription or on Stripe.
You can’t blame a company that has written off billions of dollars against its EV business to try and make a buck any way it can. GM this week said it will transition to making sodium-ion batteries for energy storage company Peak Energy. And why not? The Section 45X Advanced Manufacturing Production Credit for batteries remains in effect — one of the few parts of the Inflation Reduction Act that the current administration did not take a chainsaw to. Ford is also transitioning from making batteries for EVs to manufacturing grid-scale energy storage.
The production-based tax credit subsies for US-made battery components and critical minerals are as follows:
Battery Cells: $35 per kWh
Battery Modules: $10 per kWh
