Electric Car Battery Investments Skyrocketed In 2022 via insideevs.com
, and U.S. auto leaders have been airing warnings about this issue for the past couple of years. In an interview last year, former Volkswagen of America President Scott Keogh emphasized some other benefits of moving production to the U.S.
"It helps us with logistics cost, it helps us with material costs," Keogh said last January in the interview with."It'll be a dramatic, dramatic, dramatic help having the supply chain localized, having the car here and, frankly, just having enough production slots." All within the last year, the company’s Chattanooga, Tennessee plant added an $800 million electric assembly line, and the factory is getting its batteries from a new SKI plant in Georgia with a price tag of $2.6 billion, according toAtlas analyst Tom Taylor says new battery plant projects are set to create over 150,000 direct jobs, though the plants will take time to get up and running.
"We've seen announcements ... all over the country, and not just announcements, but really big announcements. In some states [these are] some of the largest, if not the largest, economic development projects in the state's history," Taylor said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Battery Specialist Gouach Is Developing Repairable Battery PacksFrench EV battery specialist Gouach is developing fully repairable battery packs for use on electric bicycles.
Read more »
Yellen touts battery investments, supports Europe's plans for competing subsidiesU.S. Treasury Secretary Janet Yellen touted clean energy investments on Wednesday at a Tennessee electric vehicle battery plant benefiting from tax incentives in President Joe Biden's signature climate legislation, adding that she supports Europe's plans for competing subsidies.
Read more »
Electric car batteries get a second life storing solar powerA California energy startup has turned more than a thousand electric vehicle (EV) batteries into solar power storage capsules, in an intriguing effort to prove out an alternative to traditional recycling.
Read more »
Tesla’s Price Cuts Are Putting Extra Pressure On Electric Car StartupsEV startups that are struggling to make money some of the industry’s analysts say. Tesla’s price cuts have effectively waged a “price war,”
Read more »
Here's all you need to know to charge an electric car.Understanding how charging works is important for anyone who drives an electric vehicle, but the process breeds anxiety for many.
Read more »
The electric car revolution hinges on equitable, affordable chargingThe electric vehicle movement is growing nationwide, but people who live in apartments, low-income neighborhoods and rural areas without easy charging access could get left behind.
Read more »