A new ” battery belt” is emerging in the United States as automakers from around the globe race to meet the overwhelming demand for fully electric, zero-emission vehicles. With limited production ability, planned investments to ensure the US has an adequate supply of critical EV battery components exceeds $40 billion.
Automakers and government leaders alike have set ambitious goals for the future of electric vehicles as they look to a cleaner, more sustainable future. President Biden set a goal for 50% of overall vehicle sales to be electric by 2030.
Since then, the administration has passed a few landmark investments to support the transition and ease a few bottlenecks holding the US back from higher EV production capabilities.
The Bipartisan Infrastructure Law, signed into law in November 2021, includes $89.9 billion in funding to modernize public transit and another $7.5 billion in investments to build an EV charging network across the US.
One of the biggest problems automakers faced initially was access to semiconductors. The CHIPS and Science Act was passed to address this, providing $52.7 billion in investments to establish a reliable domestic supply chain.
And then the recently passed Inflation Reduction Act, signed into law on August 16, invests $369 billion to build a clean, sustainable economy, including tax credits for EV buyers.
Meanwhile, US automakers like General Motors have laid out plans to provide an “EV for everyone” while looking to mirror the success of Tesla, who delivered a record 343,000 EVs in the third quarter.
With nearly every automaker targeting an all-electric future, it will require a good deal of batteries. The new climate bills are stimulating investments in US EV battery production, up 700% since the start of 2021.
A new research report from the Federal Reserve Bank of Dallas highlights the significant investments automakers are pouring into the US to scale EV battery production and meet the surplus of people looking to make the switch.
New US Gigafactories Source: Dallas Fed
EV battery investments in the US exceed $40 billion
According to the report, US EV battery capacity additions in the US were minuscule compared to the past few years. The federal institution points out:
U.S. capacity additions were sporadic until recently when the pace of new announcements picked up. Six new facilities, worth more than $5 billion, were announced from 2018 to 2020.
As mentioned, new US climate initiatives have promoted a significant ramp in EV battery investments.
Since the start of 2021, more than 15 new facilities or expansions have been disclosed in the U.S., reflecting a potential investment of at least $40 billion.
And this is just the start. The production capabilities at these facilities far exceed their earlier counterparts. All but one of the 15 new plants exceed 10 GWh capacity compared to earlier announced facilities, often producing less than 1 GWh.
With the new EV tax credit requirements (battery sourcing and final assembly must take place in North America or with free trade partners), automakers are scrambling to ensure their EV models meet the criteria.
With over $40 billion in investments already, EVs are reviving the rust belt in what’s being called the new “battery belt.” The new funding is creating jobs while putting the US on a path toward sustainability. So far, these historical investments have created over 642,000 manufacturing jobs in the US since 2021.
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Following approval from Transport Canada, EV startup Workhorse will be bringing the W56 and W750 model electric delivery vans to commercial truck dealers in Canada as early as this spring.
“This is a major step forward for Workhorse,” says Josh Anderson, Workhorse’s chief technology officer in a press statement. “Pre-clearance from Transport Canada opens up a large new market for our products throughout Canada, including with fleets that operate across borders in North America.”
Despite that uncertainty, Workhorse execs remain upbeat. “We’re excited that our electric step vans can now reach Canadian roads and highways, providing reliable, zero-emission solutions that customers can depend on,” added Anderson.
Canadian pricing has yet to be announced.
Electrek’s Take
FedEx electric delivery vehicle; via Workhorse.
There’s no other way to say it: the Trump/Musk co-presidency is disrupting a lot of companies’ plans – and that’s especially true across North American borders. But in all this chaos and turmoil there undoubtedly lies opportunity, and it will be interesting to see who ends up on top.
The new Liebherr S1 Vision 140-ton hauler is unlike any heavy haul truck currently on the market – primarily because the giant, self-propelled, single-axle autonomous bucket doesn’t look anything like any truck you’ve ever seen.
Liebherr says its latest heavy equipment concept was born from a desire to rethink truck design with a focus only on core functions. The resulting S1 Vision is primarily just a single axle with two powerful electric motors sending power to a pair of massive airless tires designed carry loads up to 131 tonnes (just over 140 tons).
The design enables rapid maintenance, as important components easily accessible for quick servicing. Wear parts can be replaced efficiently, and the electric drive significantly reduces maintenance work. This helps to minimise downtimes and increases operational efficiency.
LIEBHERR
Because of its versatility, durability, and ability to perform zero-turn maneuvers that other equipment simply can’t, the Liebherr S1 Vision can be adapted for various applications, including earthmoving, mining, and even agriculture. There’s also a nonzero chance of this technology finding applications supporting other on-site equipment through charging or fuel delivery.
The S1 accomplishes that trick safely with the help of an automatic load leveling system that ensures maximum stability, even on bumpy or rough terrain. The company says this technology significantly reduces the risk of tipping while providing smooth and secure operation across various environments.
The HD arm of Hyundai has just released the first official images of the new, battery-electric HX19e mini excavator – the first ever production electric excavator from the global South Korean manufacturer.
The HX19e will be the first all-electric asset to enter series production at Hyundai Construction Equipment, with manufacturing set to begin this April.
The new HX19e will be offered with either a 32 kWh or 40 kWh li-ion battery pack – which, according to Hyundai, is nearly double the capacity offered by its nearest competitor (pretty sure that’s not correct –Ed.). The 40kWh battery allows for up to 6 hours and 40 minutes of continuous operation between charges, with a break time top-up on delivering full shift usability.
Those batteries send power to a 13 kW (17.5 hp) electric motor that drives an open-center hydraulic system. Hyundai claims the system delivers job site performance that is at least equal to, if not better than, that of its diesel-powered HX19A mini excavator.
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To that end, the Hyundai XH19e offers the same 16 kN bucket breakout force and a slightly higher 9.4 kN (just over 2100 lb-ft) dipper arm breakout force. The maximum digging depth is 7.6 feet, and the maximum digging reach is 12.9 feet. Hyundai will offer the new electric excavator with just four selectable options:
enclosed cab vs. open canopy
32 or 40 kWh battery capacity
All HX19es will ship with a high standard specification that includes safety valves on the main boom, dipper arm, and dozer blade hydraulic cylinders, as well as two-way auxiliary hydraulic piping allows the machine to be used with a range of commercially available implements. The hydraulics needed to operate a quick coupler, LED booms lights, rotating beacons, an MP3 radio with USB connectivity, and an operator’s seat with mechanical suspension are also standard.
HX19e electric mini excavator; via Hyundai Construction Equipment.
The ability to operate indoors, underground, or in environments like zoos and hospitals were keeping noise levels down is of critical importance to the success of an operation makes electric equipment assets like these coming from Hyundai a must-have for fleet operators and construction crews that hope to remain competitive in the face of ever-increasing noise regulations. The fact that these are cleaner, safer, and cheaper to operate is just icing on that cake.