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| As EVs grow in popularity, batteries will need to be manufactured to meet demand. Some states are already gearing up to become leaders. |
Battery manufacturing is going to be key to EV adoption, especially since the revised requirements for EV tax credits stipulate that in order to qualify, an EV must have its components and materials for batteries sourced from within North America. Because of that, you can expect several states within the United States to strive to become a leader in the EV business, in particular battery production. All that said, let’s discuss briefly which states are projected to become leaders in the EV space.
Georgia, Kentucky and Michigan are all projected to dominate EV battery manufacturing by 2030. The reason these states in particular are projected to be production leaders because they will be able to manufacture between 97 and 136 gigawatt hours of EV batteries. Additionally, Kansas, North Carolina, Ohio, and Tennessee will also be able to manufacture EV batteries according to outlined plans – between 46- and 97-gigawatt hours’ worth of EV batteries to be specific. Ford has already invested over $11 billion in Tennessee and Kentucky for its “BlueOval City” manufacturing facilities, where both batteries and EV trucks will be built. VW is also planning to now invest in a battery cell factory in North America instead of Europe due to the potential incentives it could bring – over $10.6 billion. Unlike Ford, however, the German automaker has not decided on a location for its factory.
Going Green
By 2030, its predicted that U.S. battery manufacturing capacity will be able to support the production of 10 to 13 million EVs per year, which puts the country in line to meet the Biden Administration’s goal of 50% EV sales by 2030 as well. While this goal might sound slightly lofty to some, its very plausible that states such as Michigan could be come poised to be leaders in the EV race. Automakers such as GM already have some manufacturing sites in the state, i.e., Factory Zero, and Michigan is part of a Midwest state alliance to expand EV charging infrastructure. Personally, I feel like if you have strong desires to “go green” right now, your best bets are to check into a hybrid or plug-in hybrid vehicle, which offers a reduced fuel consumption driving experience without the worries of range anxiety that EVs have.
Are you following the EV revolution? Let’s see where things go. See the links below for more information on this topic.
- https://www.cnbc.com/2023/01/05/map-which-states-will-build-the-most-ev-batteries-in-2030.html
- https://media.ford.com/content/fordmedia/fna/us/en/news/2021/09/27/ford-to-lead-americas-shift-to-electric-vehicles.html
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