Investment in Manufacturing Hits New Peak in January with Biden's Green Transition
Wednesday, 6 March 2024, 11:00
Biden's Green Transition Driving Manufacturing Investment
Surge in Private Investment
- Investment: Private investment reached $225 billion in January.
- Incentives: Driven by business tax breaks.
- Facilities: Focus on building clean energy products.
Parts of our key supply chains, including for clean energy, are currently over-concentrated in China.
That money, incentivized by business tax breaks, is being used to build facilities that make electric vehicles, batteries, semiconductors, electronics and other energy products.
Long-Term Trends in Green Transition
- Lithium Demand: Projected to triple over the current decade.
- Manufacturing Activity: Yet to increase despite heavy investments.
- Optimism: Manufacturers hopeful about the future of manufacturing.
Conclusion: Biden's focus on green manufacturing is set to revolutionize the industry and reshape the global economy with long-term impacts.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.