Michigan predicted to “dominate” EV battery manufacturing after $2B investment – MLive.com
Michigan is protective over its automotive legacy — so much so that it laid down $2 billion in taxpayer money to assure the state would be part of the electrification of the car industry.
Last year the state won big multi-billion-dollar projects for electric vehicle manufacturing including large state incentive packages. It garnered criticism along the way; watchdog group Good Jobs First called Michigan’s aggressive approach the biggest “megadeal spending spree” in U.S. history.
But those investments are gaining national spotlight in the new year.
A recent CNBC story highlighted Michigan among the top three states that will “dominate electric vehicle battery manufacturing in the United States by 2030.”
Michigan, Georgia and Kentucky will be able to manufacture between 97 and 136 gigawatt hours’ worth of EV batteries per year by 2030, according to plans they have laid out, according to a November 2022 report from the Argonne National Laboratory.
The U.S. Department of Energy highlighted the three states as having the highest predicted growth.
Thanks to a wave of new planned vehicle battery plants, North America’s total battery manufacturing capacity is to expand from 55 gigawatt-hours per year in 2021 to nearly 1,000 gigawatt hours by 2030, according to the Office of Energy Efficiency and Renewable Energy.
Planned production capacity across continent by then will be capable of supporting the manufacture of roughly 10 to 13 million all-electric vehicles per year.
The electric vehicle market ended the year on a high note. From January to November the national market share nearly doubled from 2.5% to 5.1%, according to Edmunds data. The overall green vehicle market, including hybrids, now makes up 10% of the U.S. car market.
Related: Buying new electric vehicle? Here’s how to get up to $7,500 tax credit.
Gov. Gretchen Whitmer and the Michigan Economic Development Corporation are revving their engines for a victory lap.
The governor’s office …….