Ohio Will Help Dominate U.S. EV Battery Manufacturing
Georgia, Kentucky and Michigan are going to dominate electric vehicle battery manufacturing in the United States by 2030, while Kansas, North Carolina, Ohio and Tennessee will also be key players.
This planned manufacturing capacity was highlighted by the U.S. Department of Energy on Monday, based on a November 2022 report from the Argonne National Laboratory in November.
To keep up with increasing demand for EVs, the total build out of EV battery manufacturing capacity in North America will go from from 55 gigawatt-hours per year in 2021 to almost 1,000 gigawatt-hours per year by 2030. So far, the planned investment in these factories is more than $40 billion, according to an October report from the Federal Reserve Bank of Dallas.
By 2030, this EV battery manufacturing capacity will support the manufacturing of between 10 million and 13 million all-electric vehicles per year, putting the U.S. in position to be a global EV competitor.
“Growing battery manufacturing capacity by more than 15x by 2030 will put the U.S. in the leadership circle of the EV market,” Nick Nigro, founder of the public policy shop, Atlas Public Policy, told CNBC.