Investment in battery manufacturing correlates with short-term cost minimization more than it does long-term economic development outcomes

Battery manufacturing investments are likely to be more efficient and equitable when located in regions found in the green quadrant.

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The green quadrant shows regions that are in the top-half of both the policy and investor index (i.e. are more likely to be attractive to both private investors looking to minimize costs, and policymakers looking to maximize development opportunities), while the red quadrant shows regions in the bottom half of each index.
Investor Index = 0.1*Location Quotient+ 0.2*State Tax Incentives/GDP+ 0.1*State Effective Tax_Rate+ 0.2*Labor Costs+ 0.2*Industrial Electricity Prices+ 0.2*Property Values
Policy Index= 0.3*Feasibility+ 0.2*Climate Policy Stringency+ 0.1*Poverty Rate+ 0.1*Median House Income+ 0.1*Employment/Population Ratio+ 0.2*Renewables Production Share