2022 was a big year for EV battery plants in the U.S. How big? $73 billion big

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2022 was a big year for EV battery plants in the U.S. How big? $73 billion big
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As the auto industry goes electric, there have been so many massive battery projects announced that it can be hard to keep track of them all. So we added them up for you.

Automakers are preparing for electric vehicles, currently around 6% of new vehicle sales in the United States, to conquer a huge share of the market in just a few years. That means companies will need a tremendous number of batteries.located in the United States, as part of research supported by an automaker trade alliance, and provided updated numbers to NPR in December.

Scott Keogh, president and CEO of Volkswagen Group of America, and Scotty Reiss, founder and CEO of a Girl's Guide to Cars, attend SXSW at ID. Buzz Stop on March 12 in Austin, Texas. The car is another entry into the growing EV field.Many of the new U.S. projects are going up in the Southeast, earning the region the nickname the"battery belt." But Tom Taylor, an analyst with Atlas, says the trend is geographically wider than that.

It's much easier to announce a new battery plant than to actually open one. Tesla, which pioneered these kinds of plants, is currentlyAnd while GM has successfully opened a new battery plant in Ohio, CEO Mary Barra had to defend the slow pace of production there on a recent call with investors. Given the challenges of executing projects this big, it's fair to view all the announced figures with a dash of skepticism.

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