The electrified transportation revolution is here, along with the Biden-Harris Administration's Investing in America's Agenda it accelerates progress. The agenda includes legislation such as the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA). The legislation supports work across the EV industry, including $7.5 billion to roll out 500,000 electric vehicle (EV) chargers nationwide, additional subsidies to support domestic battery and EV production, and a consumer EV tax credit. Thanks to the Investing in America Agenda, we've seen it all $200 billion to private sector investment in new EV and battery manufacturing facilities and services. This investment encouraged the creation of over 240,000 new EV jobs and battery manufacturing in the US
Research shows that US car factories that produce electric cars it requires more jobs and more workers there are places for traditional gas cars.
In addition, along with all the new EV jobs and services announced in the US automotive supply chain, there are other jobs needed to support this transition, including jobs to design, build, and maintain a nationwide charging network. Those activities for charging network construction and ongoing maintenance including engineers, software developers, programmers, electricians, construction workers, and more.
Many functions are the benefit of the home battery supply chain, which is circular
The buzz about the EV revolution and the creation of batteries and cars here in the US is undeniable. One currently neglected part of the supply chain, full of opportunity, comes from the end of the electric vehicle battery.
To support the domestic supply of minerals used to make batteries, the IRA includes requirements for obtaining domestic vehicles to qualify for the consumer EV tax credit. This need for domestication can be satisfied if the minerals are recycled in the US after their initial use. The IRA automatically qualifies EV battery materials recycled in the US as made in America, regardless of origin.
As a result, there has been a push to dramatically expand recycling in the US to take advantage of government incentives, strengthen our domestic supply chains, and meet the mineral demand of the EV revolution. Today's EV battery chain is focused on a few very distant areas. If any disruption occurs at several points where battery mining, refining, processing, or assembly takes place, the entire supply chain is affected. In order to produce a battery, the building blocks must move in proportion 50,000 mileswhich leaves the supply chain vulnerable and fragmented. Homeowner, circular battery economywhere EV batteries are repaired and reused, recycled, or recycled at the end of their life, can help the global supply chain cope with this disruption by reducing our need for mining and keeping mined materials in use. Making sure this work happens here at home means more jobs in the US
From 2022 to 2024, $7.8 billion in investment has poured into battery recycling, creating thousands of new jobs, including 1,500 in Nevada, 1,800 in South Carolina, and 300 in Georgia.
A circular economy will need the support of industry and workers. Improving the circular battery economy involves extending the useful life of electric vehicles through battery repair, recycling, reuse, and recycling. After powering the vehicle, EV batteries typically retain about 80 percent of their original capacity, making them well-suited for second-life applications, where they can be recycled and reused directly in another EV system, such as in a short-term vehicle. walking distances. Another option is to recycle batteries for off-road energy storage applications. We will need the infrastructure and people to bring these circular economy solutions together.
Rushing forward to more activities
EV investment and job growth is currently occurring across the US and is concentrated in states such as Georgia, Michigan, Tennessee, Indiana, Kentucky, Nevada, Ohio, Alabama, Arizona, Kansas, and Texas. Going forward, EV and battery production can produce up to 931,000 more jobs in the wider economy.
Of course, several resources have emerged across the country to support domestic production and the circular battery economy:
- Georgia prides itself on producing EVs from die-hard manufacturers like Hyundai and will be home to EV-specific manufacturers like Rivian.
- In In OklahomaATC Drivetrain is working to expand battery recycling to support the industry's global migration to electrification. ATC Drivetrain is also involved in battery recycling and recycling.
- IT eCycling Solutions is an in-house end-of-life battery processor Tennessee. Inspects used batteries and recycles them for raw materials or recycling.
- In Michigan– Established automakers, including GM and Ford, are ramping up EV production in the state and many of their other locations.
- Li-Cycle is an in-house lithium-ion battery recycling company In Arizona again New York.
- GlobalTech Environmental is located at Wisconsin, as well as recycling, the company offers remanufacturing for battery reuse.
- In North CarolinaCirba Solutions works to collect batteries at the end of their life to prevent them from ending up in landfills and integrate circular economy methods.
US EV and battery production continues to surge, driven by aggressive government policies that have accelerated economic investment and job creation. Circular economy solutions such as repair, reuse, recycling, and recycling must increase as the EV industry grows to maintain valuable materials used here in the US By continuing to mobilize investment in the circular economy across the country, we can ensure domestic supply. of the minerals needed for EV batteries to reduce both our dependence on foreign minerals and the need for mining. A circular economy can even build More jobs here in the United States.