Coming to a neighborhood near you: mineral mines and chemical plants.
Big investments in electric-vehicle battery manufacturing in the U.S. keep rolling in, most recently from Japan. Toyota on Wednesday said it would plow a further $2.5 billion into a cell-production facility it is building near Liberty, N.C., on top of roughly $1.3 billion committed last December. On Monday Honda announced a joint venture with Korean battery giant LG Energy for a U.S. cell plant, probably in Ohio. Last week The Wall Street Journal reported that Panasonic, Tesla’s longtime battery supplier, is in discussions to spend $4 billion on a plant in Oklahoma.