Tracking the EV Battery Factory Construction Boom Across North America
Explore the explosive growth of EV battery factories across North America.
Matilda
Tracking the EV Battery Factory Construction Boom Across North America
The electric vehicle (EV) revolution is accelerating, and with it comes a surge in demand for batteries. This demand has sparked a massive wave of investment in battery manufacturing across North America, transforming the landscape of the automotive industry. Just a few years ago, the US had a handful of battery factories. Today, the number has exploded to over 30, with billions of dollars pouring into new facilities. This article delves into the details of this electrifying trend, exploring the key players, the driving forces, and the implications for the future of transportation. From a trickle to a tsunami: The rise of domestic battery production The onshoring of EV battery manufacturing began modestly but has quickly escalated into a full-blown boom. In 2019, the US had a mere two operating battery factories and two more under construction. Fast forward to today, and that number has skyrocketed to approximately 34 factories planned, under construction, or operational. This drama…