The U.S. is planning to build factories in Africa to help meet surging global demand for electric vehicle batteries and other components. The plan is part of a larger effort to boost economic development in the continent by supporting local energy production, creating new jobs and increasing access to green technology. The U.S. is collaborating with the African Development Bank to identify sites for the factories and attract the types of investors needed to finance the projects. The factories will produce EV batteries, solar panels and other components to meet demand from across the continent, while also supplying parts to the U.S. and other markets. The plan is still in its early stages, but aims to both reduce emissions and jumpstart development in Africa.
U.S. plan envisions factories in Africa for surging EV battery demand
