Albemarle Corp. (ALB) – Making EV Batteries In US Will Be ‘Nicely Profitable’ For Decades To Come: Munsters Says These 5 Stocks Stand To Gain Big

Asia is currently the electric vehicle battery-making hub, and all the top manufacturers are based out of the continent. The U.S. could play catch-up, according to Loup Funds’ Gene Munster.U.S. Focus: Munster expects EV battery manufacturing to take off in the next decade, the venture capitalist said on Twitter on Tuesday. One reason why U.S. production would grow is that currently, about 99% of EV batteries come from Asia.The inflation reduction act will pay tax credits of $35/kilowatt-hour for battery cell manufacturers and $10 per KWh for battery module manufacturers, he noted.“It’s likely that making batteries in the U.S. will be a nicely profitable business for decades to come,” Munster said.See also: Warren Buffett-Backed BYD Makes EV Battery Manufacturing An All-Chinese Affair At The Top As It Leaps Past LG EnergyHere’s a compilation of domestic battery…

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