With the Inflation Reduction Act and the Bipartisan Infrastructure Law incentivizing corporations and consumers to invest in the manufacturing and purchase of electric vehicles (EV), its August passage has opened the door for a surge of EV-related industrial plants, many of which cropping up in southern states such as Alabama.
The German-based ADS-TEC, an EV battery technology company, announced on Tuesday that it will be investing $8 million in a charging facility manufacturing plant in Auburn, Alabama.
