Since the IRA became law, my students and I have been tracking the response in the US #EV supply chain:
48 new projects 🏗️
$50B in planned investments 💵
37,000 potential jobs
A 🧵with 6 charts…
Investments in the EV supply chain have continued to grow in the past month:
3 new projects
$3.8 billion in capital investment
2,218 new jobs
This includes new projects announced by GM Samsung, Anovion, and Rivian. 2/9
US EV manufacturing capacity is now on track for 5.4 million EVs per year in 2030, with more projects in the pipeline. Once preliminary plans are finalized, production levels could meet the Biden administration’s goal of 50% EV sales by 2030. 3/9
Plans for battery mfg continue to surge, outpacing plans for EV mfg. US battery cell mfg capacity is now targeting 909 GWh by 2030, including 331 GWh of newly announced capacity since IRA. If each EV has 75 kWh battery pack, that is enough to support 12 million cars per year. 4/9
Upstream investments in mining and materials still lag investments in manufacturing.
Bad news: Jervois put a hold on cobalt mining in Idaho.
Good news: Tesla broke ground on lithium hydroxide refinery in Texas. 5/9
tesla.com/blog/tesla-lit…
Post-IRA capital investments in the EV supply chain is going to congressional districts represented by Republicans by a whopping six-to-one margin. That promises a lot of new jobs. 6/9
The IRA is drawing significant investments from abroad, including joint investments with US-based companies, and direct investments led by companies such as Hyundai, LG, Samsung, SK based in Republic of Korea. 7/9
We are inventorying projects, investments, target production and employment levels, and more.
Our dashboard tracks the growing US EV supply chain. It includes a link to request access to data set.
Let us know what you think and what we are missing. 8/9
charged-the-book.com/na-ev-supply-c…
The IRA marks a historic shift in US investment in a clean energy transition.
For context, check out my book Charged.
Right now it is on sale through @UWAPress for $15 with free domestic shipping using sales code WARM23. 9/9
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