Electric Vehicle Battery Pack Costs in 2022 Are Nearly 90% Lower Than in 2008 & Capacity in North America in 2030 is Projected to by 20 X
, ANL-22/71, 2022.
A wave of new planned electric vehicle battery plants will increase North America’s battery manufacturing capacity from 55 Gigawatt-hours per year in 2021 to nearly 1,000 GWh/year by 2030. Most of the announced battery plant projects are scheduled to begin production between 2025 and 2030. By 2030, this production capacity will be capable of supporting the manufacture of roughly 10 to 13 million all-electric vehicles per year.
To optimize supply chain logistics, many battery plants will be co-located with automotive plants. Most of the planned projects in the United States are concentrated along a north-south band from Michigan to Alabama. Based on current plans, Kentucky, Tennessee, Georgia, and Michigan will see the highest growth in battery manufacturing capacity.
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